Specifies the Tax business posting group codes for customers and vendors for Tax purposes. You can use these codes to distinguish between the types of customers and vendors.
On each customer and vendor card, you must enter the code that represents the group to which the customer or vendor belongs. Enter the code in the Tax Bus. Posting Group field.
In some situations, Tax is included in the price of goods and services on item or resource cards. In such situations, you must fill in a VAT business posting group in the VAT Bus. Posting Gr. (Price) field for customers or vendors with whom you trade these goods and services.
In addition to setting up the necessary Tax business group codes, you must also set up the necessary Tax product group codes in the Tax Product Posting Group window. Then you must combine the different Tax business group codes and Tax product group codes in the Tax Posting Setup window.