General Business Posting Group

1) Assign to Customers and Vendors.

2) Use to break down sales by customers and purchases by vendoers.
a) geographical area - domestic, export
b) type of business - retail, industrial, service, wholesale
c) private / government

2) FINANCIAL MANAGEMENT -> SETUP -> POSTING GROUPS -> GENERAL -> BUSINESS

3) Fields in General Business Posting Groups
a) Code
b) Description
c) Def. VAT Bus. Posting Group
--> Default VAT Bus. Posting Group for transaction involving this General Bus. Posting Groups
--> Auto updated to Vendor / Customer card if Auto Insert Default is set to true.
d) Auto Insert Default