Item finance groups

Financial group item

The item finance group bundles processes with the same revenue or expense logic and links them with accounts and tax codes for each partner type.

Why this point is crucial for key users

An item knows its technical meaning, a partner knows its tax context - the detailed rule brings the two together. This is exactly where master data becomes automatic posting intelligence.

Register overview

• Partner type: Distinguishes the logic for customer and supplier transactions.
• Financial group item: Meaningful designation of the revenue or expense class, e.g. "Goods - Customer".

Details tab

• Financial group partner: Choose from the existing groups (see Finance > Settings > Finance Group Partners).
• Revenue/expense account: Selection of the general ledger account for the created posting item from the Chart of accounts.
• Tax code: Combination control rule.
• VAT number required: Additional partner requirement in the event that a UST-ID is mandatory.

How to prepare for the process safely

1. Bundle items according to the same account assignment effect.
2. Create the group for the appropriate partner type.
3. Maintain detailed rules for the required partner pens.
4. Test each combination of price, tax, account and posting.

Check before sharing

• No productive combination remains unintentionally without detailed rules.
• The account and tax code match the technical case.
• The VAT ID number check applies to the intended partners.

What your team gets out of it

Item receipts are automatically sent to the correct revenue or expense account - traceable and reproducible.

Related topics

1. For key users – understand and prepare processes › Finance › Use account determination › Financial group partner
2. For key users – understand and prepare processes › Finance › Define tax groups › Tax keys

Frequently asked questions