Setup items, resources, g/l account, fixed assets

  less than a minute  

You must assign a CIS/RCT Product Posting Group to any:

  • item
  • resource
  • g/l accoun
  • fixed asset

that is used in purchase transactions with subcontractors subject to tax retention. This group is automatically applied to purchase lines.

Set up CIS/RCT product posting group

  1. Choose the 🔍 Search icon, enter one of the following, and select the related link:\
    • Items
    • Resources
    • Fixed Assets
    • Chart of Accounts
  2. Under posting/invoice details, select the CIS/RCT Product Posting Group.

If you use the same General Ledger (G/L) account for different types of services, you can leave the CIS/RCT Product Posting Group field blank and manually select the appropriate group on each invoice line.

Note! In the CIS/RCT Posting Setup, you must create a configuration for each CIS/RCT Business Posting Group where the CIS/RCT Product Posting Group is left blank. In these configurations, don’t assign any G/L accounts. This setup allows you to manually choose the correct CIS/RCT Product Posting Group when entering invoice lines. However, if you forget to select a posting group, the system will prevent you from posting the purchase invoice due to missing G/L accounts.