VAT Business Posting Groups Window

Specifies VAT business posting groups. The VAT business posting group codes determine calculation and posting of VAT according to the location (country/region) of the customer or vendor involved in the transaction.

Before setting up VAT business posting groups, you must decide how many different groups you need. This depends on a number of factors including local legislation and whether you trade both domestically and internationally.

The window contains a line for each posting group.

Tip

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See Also

Reference

VAT Business Posting Group

Other Resources

How to: Set Up VAT Business Posting Groups
How to: Enter Basic Information on Reverse Charge VAT for Purchases
How to: Set up VAT [gl_m]
About Posting Groups
How to: Assign VAT Posting Groups to General Ledger Accounts
How to: Set Up Default VAT Business Posting Groups