Overview
When managing vendors in the Everest system, you may want to assign a Posting Group to a vendor for better control and flexibility in managing vendor-specific accounting needs. This article provides the steps to assign a Posting Group to a vendor within their profile.
Information
To assign a Posting Group to a vendor in the Everest system, follow these steps:
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Navigate to the Vendor Profile:
- Go to
Purchasing > Vendor Profile.
- Go to
-
Access the Accounting Tab:
- Within the vendor profile, click on the
Accountingtab.
- Within the vendor profile, click on the
-
Assign the Posting Group:
- In the
Accountingtab, locate the field forPosting Account Preferences. - Select
Use Posting Groupsand choose the appropriate group from thePosting Groupdropdown menu.
- In the
By following these steps, you can effectively manage vendor-specific accounting needs by assigning the correct Posting Group.
Frequently Asked Questions
- Can I directly link a vendor to a Posting Group in Everest?
- Everest does not support directly linking vendors to Posting Groups, but you can achieve similar functionality by mapping vendors to specific GL accounts.
- Where do I assign a Posting Group to a vendor?
- You can assign a Posting Group to a vendor within the vendor's profile under the Accounting tab by selecting 'Use Posting Groups' in the Posting Account Preferences.
- Is it better to manage Posting Groups at the vendor level or posting group level?
- It is generally recommended to manage Posting Groups at the vendor level for better control and flexibility in managing vendor-specific accounting needs.
Priyanka Bhotika
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