Vendor Posting Group

1) FINANCIAL MANAGEMENT --> SETUP --> POSTING GROUPS --> VENDOR

2) Fields in Vendor Posting Group
a) Payable Account
--> Payables due to vendors.

b) Service Chage Acc.
--> Service charges due to vendors.

c) Payment Disc. Debit Acc.
--> Reductions in payment discounts received from vendors.

d) Payment Disc. Credit Acc.
--> Payment discounts received from vendors.

e) Debit Curr. Appln. Rndg. Acc.
--> Rounding differences that occurs when applying entries in different currencies.

f) Credit Curr. Appln. Rndg. Acc.
--> Rounding differences that occurs when applying entries in different currencies.

g) Debit Rounding Account
--> Rounding diffrences from remaining amount.
--> Remaining Amount is the amount remains to be applied and is shown in the original currency.

h) Payment Tolerance Debit acc.
--> Purchase tolerance
--> Must use together with Business Posting Group

i) Payment Tolereance Credit Acc.
--> Purchase tolerance
--> Must use together with Business Posting Group

j) Interest Account
--> Interest transaction



To Assign the Vendor Posting Group to Vendor:
1) Open the Vendor Card (FINANCIAL MANAGEMENT --> PAYABLES --> VENDORS)and browse to the vendor on which you want to assign the Vendor Posting Group.
2) Click on Invoicing tab.
3) Select a Vendor Posting Group.