Specifies a Tax Bus. Posting Group. To see the Tax business posting groups in the Tax Business Posting Groups window, choose the field.

After you have attached a Tax Bus. Posting Group code to a G/L account, this Tax Bus. Posting Group code will automatically be inserted in a journal, sales or purchase line when you select the G/L account. The program uses this code together with the Tax Prod. Posting Group and Gen. Posting Type fields to determine Tax % and Tax calculation type and to find the G/L accounts to which the program posts Tax.

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See Also