Vat setup question

easabangan

Creating a sales/purchase journal does not pick up the vat business posting group on the customer / vendor setup? And when you put it manually it gives you error?

sendoh

what is the error? double check you're setup ...

easabangan

Setup is ok. I am using the nav 4 sp3 cronus database philippine version. Just curious in this matter, because of the financial effect. What if for example you have 2 customer let say CustA and CustB. CustA is with vat and CustB is with non-vat. And the setup of your vat is attach in the balancing account you will use. If you use it with CustA the transaction will be right, but if with CustB its not because vat will be included in the posting..

easabangan

Another question is why do we need to attach the vat to the G/L accounts?

Please enlighten me on this setup....