Shows the general posting type that will be used when you post the entry on this journal line.
The program automatically retrieves the general posting type from the General Posting Type field on the G/L account card if you insert a G/L account in the Account No. field.
The program uses the general posting type, together with the VAT Bus. Posting Group and VAT Prod. Posting Group fields, to find the account to which VAT is posted.
To see the general posting types that are available, choose the field:
<Blank> | Use this option if the transaction on this journal line does not involve VAT. |
Purchase | Use this option if the entry on this journal line contains a purchase transaction. The program uses this information to calculate the correct purchase VAT and post it to the account for purchase VAT. |
Sale | Use this option if the entry on this journal line contains a sales transaction. The program uses this information to calculate the correct sales VAT and post it to the account for sales VAT. |
Settlement | The program uses this option internally. |
 Important |
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| The Gen. Posting Type field is associated with the Account No. field while the Bal. Gen. Posting Type field is associated with the Bal. Account No. field. You should use only one of these posting type fields, either associated with the Account No. or Bal. Account No. field, as they determine how the program will post VAT. |
 Tip |
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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. |