VAT Setup using VAT Receivables , payable and settlement Accounts

mdhashmi999

I have checked my chart of accounts and in the COA i selected VAT Input account, VAT payable account.
I Dont undestand why the VAT Input account is showing Sales invoices and Payable account are showing PPI's.

My FM and me are puzzled. Please give me a understanding. Is this an error or somthing else?

allenyyzhou

Hi

Not sure if I understand your question, but you can check "VAT Posting Setup", there are "Sales VAT Account" and "Purchase VAT Account", do they setup correctly?

allenyyzhou

Hi

Not sure if I understand your question, but you can check "VAT Posting Setup", there are "Sales VAT Account" and "Purchase VAT Account", do they setup correctly?

mdhashmi999

Yes, they are correct , actually they turned out to be some of the entries generated during test. and now it has been reversed, so i understood why some got mixed up. Thanks for the concern bdw.