Specifies the code for the VAT product posting group of the item, resource, or general ledger account on this line.
The program automatically retrieves the code from the VAT Prod. Posting Group field on the item card, the resource card, or the G/L account card when the No. field on this sales line is filled in.
When you post the sales line, the program uses the product code in combination with the VAT business posting group code to refer to the VAT Posting Setup to determine the VAT %, VAT calculation type, and the G/L accounts for posting VAT.
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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| If you change the contents of the field, it will not apply to any prepayment invoices, only to regular invoices. This is to ensure that the program handles VAT for prepayment invoices and the corresponding deductions in regular invoices correctly. |
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For more information about how to work with fields and columns, see Work with Data. For more information about how to find specific pages, see Search. |