Question
A client has unique accounting needs that sometimes require posting definitions.
You need to implement posting definitions.
In which situation should you implement posting definitions?
- A. when financial dimensions need to default from the vendor record onto an invoice
- B. when only certain dimensions are allowed to post with certain main account combinations
- C. when creating multiple balanced ledger entries based on transaction types or accounts Correct
- D. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting
Explanation
Posting definitions generate multiple balanced ledger entries from a source document's transactions, based on transaction types or accounts, which suits unique accounting needs. Defaulting dimensions from a vendor record is dimension default setup. Restricting which dimensions can post with a main account is done with account structures and rules. Automatically posting to the accounts receivable account on invoice posting is standard posting profile behaviour.
