Account Posting Setup

Field Label	Field Level Help
Account COGS	Default COGS GL account to use when posting transactions. It is required for inventory items only.
Account Posting Group	Optional field. Enter a value to control the GL posting by Account Posting Group. Each Customer and Vendor Account record can be linked to an Account Posting Group. Global Pick List values can be modified.
Account Purchase	Default Purchase GL account to use when posting transactions. It is required for service items only. Depending on the Inventory Class, an Inventory Balance Sheet account will be used when posting inventory items.
Account Purchase Return	Default Purchase Return GL account to use when posting transactions. It is required for service items only. Depending on the Inventory Class, an Inventory Balance Sheet account will be used when posting inventory items.
Account Sales	Default Sales GL account to use when posting transactions. It is required for all items.
Account Sales Discount	Default Sales Discount GL account to use when posting transactions. It is required for all items.
Account Sales Return	Default Sales Return GL account to use when posting transactions. It is required for all items.
Company Setup	The default Company Setup record. It is required.
Item	Optional field. Enter a value to control the GL posting by Item. Either Item or Item Posting Group must be populated.
Item Posting Group	Optional field. Enter a value to control the GL posting for the Item with an Item Posting Group. Either Item or Item Posting Group must be populated.