Posting Groups in Dynamics NAV 2017 - Part 6 - Inecta

Now the general business posting group is what steer things towards the income statement, and the vendors are actually assigned the same posting group or like ... Home technology MicrosoftDynamics365BusinessCentral MicrosoftDynamics365forSales iNECTAEDI ArtificialIntelligence Industries SoftwareSolutionsfor: Food FoodDistributor FoodTrader FoodManufacturer PetFoodManufacturer Beverage Wine&Spirits Foodservice&Catering MeatProcessor EggProducer SeaFood Processor Trader Aquaculture Fishery Produce ProduceGrower ProducePacker/Shipper ProduceTrader Services DigitalTransformationServices ManagedIT University ClassroomTraining DynamicsTutorialVideos YouTubeChannel Blog 84-PostingGroupsinDynamicsNAV2017-Part6 84-PostingGroupsinDynamicsNAV2017-Part6     Todaywearegoingtokeepgoingonpostinggroupsandthisisaturningpointweareactuallygoingtomoveawayfromtheentitypostinggroupandstarttakingonsomeoftheheavydutystuffwhichisthepostingsetupandgeneralbusinesspostinggroupandgeneralproductpostinggroups,sobepreparedtogodeepdive,thisisactuallyasuperimportanttopicifyouunderstandthisyoubecomeastarbecauseknowinghowpostingofcostsworksinsideNAVisnoteasyandforthefaintofheart,butonceyougetit,everythingismucheasiertounderstand.Andtherearesomenuanceswhicharequirkyatfirstsight,butonceyouactuallytakealookatwhytheyaresetuplikethat,youunderstandwhy.AndthingsworkinthatorderandwhyMicrosofthassetitup.I’mgonnajumpintoexplainingthis.ChartofaccountsHerewehavePowerPoint,thisisaslideI’vebeenworkingonbefore,wehavetheentitypostinggroupsoverhere,theyarepostingtothebalancesheetandcustomers,forexample,posttheiraccountsreceivableoverhere,vendorpostinggroupgoeswithaccountspayable,etc. Butneverdidwetalkabouthowactuallythecostpostandtherevenuepost,wearealwaystalkingaboutthebalancesheetandthereasonforthatisofcourseit’smuchsimpler,wegottastartsomewhere,butifwemoveintohowitsgointobalancesheetitgetsmorecomplicatedeventhoughthesediagramlookslikeit'sgonnabealittlebitsimpler.Butitselusive,it'sgonnabecomplicated,butnottoocomplicatedsoyoucangetit.Thecustomerpostinggroup,oractuallythecustomerstheyareassignedageneralbusinesspostinggroupaswellasthecustomerpostinggroup.Nowthegeneralbusinesspostinggroupiswhatsteerthingstowardstheincomestatement,andthevendorsareactuallyassignedthesamepostinggrouporlikefromthesamesetofpostinggroups,sotheyalsogetageneralbusinesspostinggroup. AndMicrosofthassetitupsothattheyarebasicallytyingbothoftheseentitiestogetherunderonepostinggroup,soforexampleifyouhavedomesticasageneralbusinesspostinggroupyoucanputvendorsinthedomesticandcustomersinthedomestic.Ontheitemside,wehavesomethingcalledgeneralproductpostinggroup,soyoucansetupselectthegeneralpostinggroupforeachoneofthesides,andresourcessharethesamepostinggroupaswellsotheyarebasicallylookingattheleft-handsidehereoractuallyonthecustomerandvendorside,theentitiesareallbeingputinonepostinggroupasfaraspostingintotheincomestatement,andIputhereasotherbalancesheetsbecauseitdoesaffectthebalancesheet,forexamplewhenyousellinventory,yourinventorygoesdownandgetsmovedintocostofgoodssold,soyouareinteractingwiththebalancesheetandtheincomestatement,itnotonlytheincomestatementpostings.Likewise,ontheitemssideandresourcesside,itemsandresourcesarejustthingsthatyousellorbuy.StandardNAVdoesn'tallowyoutobuyresourcesbutbuysitemsbutinanycase,thesteeringissimilar,thesteeringforposting,soyoucansortofseetheabstractionthatMicrosoftisgoingtowardshere. IsayMicrosoft,obviously,thesystemwasdevelopedinDenmarkbeforeMicrosoftboughtit,soit'sthesamesinceallthewayback,it'snotMicrosoftreallythatmadethiseventhoughtheyaremaintainingit,thisisjustgoodoldDanishpeoplethatstartedthiswholeprogram.GeneralPostingsetupIfwegointoNAV,Icanactuallygohereintopostingsetupandthisiscalledthegeneralpostingsetup.IfIgointhereIgetamuchbiggerscreenthatI’vebeenworkingwithbefore,andinherewehaveacombinationofageneralbusinesspostinggroup;rememberthoseareattachedtotheentities,socustomerorvendor;andageneralproductpostinggroupandthoseareattachedtowhatwearesellingorbuyingwhichismostlyitemsbutcouldalsoberesources. Andthisisusedinotherplacesaswellandthatcombinationwilltellyouwherethingspost.Soherewehavesales,salescredit,saleslinediscount,salesinvoice,allofthatandtheaccountsareattachedtothat.Ok,sothatmakesperfectsense.Rightnowwehavefigureditallout,weknowthatifthecustomerisindomesticandwehavetheitemsinletsaytheoryorlikeforexamplehere,domesticandretail,weknowthatthesearetheaccountsthatyougetpostedto.Right?butyouknowit’sgonnamovebetweentheaccountsinacertainfashion,sohowdoesitdothat?AndifwouldjustliveitatthisIwouldonlytellyouhalfthestory,andinthisdeepdivevideos,wearenotgoingtoleaveyouwithhalfthestory.Sowearegonnamoveforwardtoactuallyunderstandtheseaccounts,nowthesearealotofaccountsandI’mnotgonnagooverallofthembutI’mgonnagooverthecriticalones,soherewhatI’mgonnaquicklygonnadoisactuallychoosecolumns,takealookatthecolumnsoverhere,youmightdothesameforthisisyouareactuallygoingthroughtestingthesepostinggroupsandI'mactuallygonnatakeouttheonesIdon'twanttotakealookat,sojusttoreducetheclutteraroundhere,I’monlygonnaleaveuswithletmesee,thefewaccountsandthesearetheones.NowI’mjustlookingatfouraccountsthosearethefouraccountsthatI’minterestedinandthat’showkindofthegeneralflowofthesystemis,alltheotheraccountsgetpostedtohereandthereaboutyouknowacertainveryspecificinstancesbutthegeneralflowofpostingsflowsthroughthesefouractions.Sotheseaccountsaresalesaccounts,thesalesthatwearepostingtowards,purchaseaccounts;andyoumightthinkwhatisapurchaseaccount?I’mgonnaexplainthattoyou;thecostofgoodssoldaccountobviouslyandthendirectcostappliedaccount,thathasafancyname;thenagainyoumightbegoingwhatdoesthatmean?;butthesearethemainaccountsthatIwillbelookingatanforthenextvideowearegonnaseehowthatactuallypoststhrough.Sostaytuned. 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