Specifies the customer’s VAT specification to link transactions made for this customer with the appropriate general ledger account according to the VAT posting setup.
The program automatically retrieves the code from the Customer table when you complete the Bill-to Customer No. field.
The code specifies to which VAT business posting group this particular customer belongs. The program uses the business code, together with the VAT Product Posting Group and Gen. Posting Type fields, to determine certain trade conditions. When you post transactions that involve this customer, the program looks for the VAT business code, in combination with the VAT product posting group code, in the VAT Posting Setup where the VAT %, VAT calculation type and the G/L accounts to which the program posts VAT are specified.
To see the VAT business posting groups in the VAT Business Posting Group table, click the field.
Normally, you should not change the contents of this field, but it may be necessary in special cases where the default code is not appropriate.
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