VAT

ttssiong

CASE:

VAT is not included in the Invoice. It is calculated manually and entered in journal together with the payment from customer. VAT should not be reflected in Account Receivable and only reflected in VAT account.

Problem:
When we do this, not VAT entry is created !
Let say: Invoice 1000 without VAT (10%)
Credit Account Receivable 1000
Debit Bank 1100
Credit VAT account 100

But this does not create VAT entry which will be used in the VAT settlement batch job !
And the customer want the VAT entry tied back to the Cust. Ledg. Entry. It means should be able to trace back where this VAT from !

any idea ?????

Dave_Cox

In the UK Version The standard VAT posting setup will deal with this in the Sales Journal and you can do manual VAT as well

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MindSource (UK) Limited
Navision Service Partner

david@mindsource.co.uk
info@mindsource.co.uk

ttssiong

Can you elaborate more further . I couldn't get what you meant