What are Vendor Posting Rules?

With the Accounts Payable Process, there is a feature titled Posting Rules. Posting Rules can be added for each vendor, to guide other members of your team to enter an Invoice in a consistent way. 

For example, you may have an invoice for a utility and would like the Accounting Period to be the month prior. Another example would be that you'd like that invoice to be entered with an invoice number in the date format, MMDDYY. This will ensure that invoices are entered by everyone in the same format. If this would apply to your company's AP Process, please use the posting rules to notate the details so that all agents will have the information needed.