Posting setup defines how transactions are recorded in the general ledger. Based on combination of Gen.Bus Posting Group a Gen.Prod. Posting Group is automated the process of assigning the correct general ledger account specified for Rent, Discount, Billed Units, Participation, Other Fees, Deposit and Advance.
Columns:
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General Business Posting Group
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This posting group is used to classify a business entity (like a customer or vendor) based on the type of business transactions they are involved in.
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It can be setup per Tariff Group which will be assigned particular Rent Item on Rent Item Card under fast tab Rent Item
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It helps to determine which general ledger accounts are used when posting entries related to business activities.
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For example, this could define different groups for different location of customers or suppliers (like "Domestic" or "Export").
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General Product Posting Group
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Specifies the Item’s or Fixed Asset’s product type to link transactions made for this item with the appropriate general ledger account according to the general posting setup.
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It can be setup per Tariff Group which will be assigned particular Rent Item on Rent Item Card under fast tab Rent Item
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Based on combination of General Business Posting Group and General Product Posting Group system assigns the appropriate accounts
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Rent
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Costs for rental
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Automatically invoiced with rent invoice
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Discount
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Can be set for Packages, discounts cannot be manually entered in rent lines
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Automatically invoiced with rent invoice
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Billed Units
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Additional units billed to rental calculated as a difference between Units Count Begging and Units Count End (with deduction of free units)
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Automatically invoiced with rent invoice
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Participation
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Can be created via New/Create Fee/Fee Type
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Can be created after releasing rent
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Separate invoice is created for Participation Fee
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Other Fees
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Can be created via New/Create Fee/Fee Type
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Can be created after releasing
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Separate invoice is created for Other Fees
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Deposit
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Can be created via New/Create Fee/Fee Type
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Can be created after releasing rent
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Separate invoice is created for Deposit
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Advance
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Can be created via New/Create Fee/Fee Type
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Can be created after releasing rent
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Separate invoice is created for Advance
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