AR / AP Groups (Account Receivables / Account Payables groups) is where you define the financial posting groups and GL accounts linked to each group for those transactions relating to the debtor/creditor.
While this posting group setup only applies to debtor/creditor, the other posting rules setup can be found under the Posting Configurations menu (Settings > Finance > Posting Configuration). Both setups must be completed before you can post any transaction financially.
Locate the setup menu under Settings > Finance > AR / AP Group
Please reach out to your WorkBook administrator or your Consultant if you cannot find the module/menu.
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AR / AP GROUP
From the menu AR/AP groups, click on the button 
to add a new group in the upper grid.
Group code: the abbreviation or the code of this posting group. (E.g. DED EXT - use for the external debtors)
Description: a clear and short explanation of the group code.
Debtor account: if this group is used on the debtor, select the relevant GL account that the debtor-related transaction will be posted to (If leaving blank, this code can’t be selected in the Debtor setup).
Creditor account: if this group is used on the creditor, select the relevant GL account that the creditor-related transaction will be posted to (If leaving blank, this code can’t be selected in the Creditor setup).
It’s possible to have a group that can be used for both Debtor and Creditor. Just simply define the GL accounts on both columns Debtor account and Creditor account.
Selecting the AR / AP group on Debtor
Selecting the AR / AP group on Creditor
If the WorkBook personal expense feature will be used, it’s required to have a posting group defined for the employee creditor with a GL account set on the Creditor account column.
REPORTING GROUPS
Besides the AR / AP group, it’s an option to assign the reporting group to the debtor and/or the creditor for reporting purposes (filtering and/or grouping).
The reporting group is simply used for grouping the debtor/creditor into different groups that allows you to generate different reports accordingly.
Usually, the reporting group is set based on geography where the VAT/GST is required to handle differently (e.g. Domestic, EU, APAC, International, etc.). This enables the ability to generate the VAT reports reflecting the VAT handling of the different groups of the Debtors/Creditors.
To create a new group, click on the icon to add a new line in the lower grid.
Group number: enter a code or an abbreviation for the reporting group.
Description: a short explanation for the group.
Scope: select an option to define if this reporting group should be used on Debtor only, Creditor only, or it can be used on both Debtor and Creditors.
Selecting the reporting group on Debtor
Selecting the reporting group on Creditor
Some WorkBook standard reports allow to filter and/or group using the reporting groups.
