Posting groups are ways for us to map things(vendor or customer) to GL accounts, basically acting as a map to the proper G/L account.
- General: Define who you sell to and buy from, and what you sell and what you buy. You can also combine groups to specify things like the income statement accounts to post to, or use groups to filter reports.
- Sales
- Cost of goods sold
- Specific: Use sales documents, for example, instead of posting directly to the general ledger. When you create entries in the customer ledger, corresponding entries are made in the general ledger.
- Vendor payables
- Customer receivables
- Bank account