Comparing Posting Accounts and Posting Groups Between Dynamics GP and Dynamics Business Central

Overview

The video explains how default posting accounts in Dynamics GP, set at class and record level, map to the posting group model in Business Central. It starts with GP, where default accounts reduce errors and inconsistencies and appear by default on transaction entry windows.

It then walks through Business Central. Business posting groups describe who you buy from and sell to. Product posting groups describe what you buy and sell. Posting setup combines the two to define GL accounts. The video also shows assigning groups to master data and using posting preview to see which accounts a transaction will use.

Key points

• In GP, default posting accounts can be set at class level and individual record level, and they default on transaction entry windows.
• Business Central uses posting groups to tie customers, vendors and items to GL accounts.
• Business posting groups categorize who you buy from and sell to, for example by region, segment or industry.
• Product posting groups categorize what you buy and sell, for example by product line or use case such as manufacturing, retail or services.
• Posting setup combines a business posting group with a product posting group to define GL accounts such as sales and cost of goods sold.
• Customer posting groups define accounts such as accounts receivable and discount accounts, and can organize customers by region, similar to GP classes.
• Inventory posting groups define accounts by item classification and location; on the sales invoice example the inventory account comes from the item’s inventory posting group.

Features

Every feature below: status not stated, demoed.

Quotes

• 0:01 “setting up default posting accounts in GP helps simplify and reduce errors and inconsistencies when posting transactions”
• 0:31 “in that class we have categorized those transactions posted from customers in this class to use a different accounts receivable account”
• 1:05 “Business posting groups focus on who you are buying and selling to product posting groups focus on what you are buying and selling”
• 1:05 “business Central uses posting groups to tie customers vendors and items to GL accounts”
• 1:56 “posting setup is where you pull these two concept steps together combining the what with the who”
• 2:16 “I assigned the Enterprise General business posting group and the customer posting group of Northeast”
• 3:32 “the cost of good sold and sales accounts are being pulled from posting setup where we Define the what from the product posting group”