Invoice For VAT only.

johnnyc313

We have a customer who needs to post an invoice for only VAT.

Can anyone help on how to do it?

Thanks in advance...

JohnnyC

themave

if this is just a rare occations, one method that will work is

to open new sales order with the appropriate vat code in the header,

enter sales line for item with vat included.

go back to header and change vat code to blank or to a zero dollar code (here in the USA, we have a resale code)

ener a second line for the same item, but make quantity negative.

this entry has no VAT included, because you changed the header.

so the net it the first line is item plus vat, the second substracts out the item, leaving only the VAT from the first line remaining to invoice.

inventory remains at zero, VAT getts charged.

sbweaver

Hi

You can also set up a product posting group specifically for FULL VAT, then in the VAT posting set the VAT calcualtion type to FULL. Then when you load the invoice select the appropriate posting group when posting to the GL and the entire amount will go to VAT and be seen in the VAT entries.

johnnyc313

sbweaver wrote:

Hi

You can also set up a product posting group specifically for FULL VAT, then in the VAT posting set the VAT calcualtion type to FULL. Then when you load the invoice select the appropriate posting group when posting to the GL and the entire amount will go to VAT and be seen in the VAT entries.

That's what I've done, but when I try and enter a value in Unit price I get an error saying that if Calculation Type is Full VAT then Unit Price must be Zero,

themave

I think you are using an item not a g/l account

ecclectic

the gl account must actually be the input vat account u have used in your vat setup... the system will actually prompt u if u try to use another gl account

ufuk

Hi,

I do not know what do you really want to do, but if using an invoice is not obligatory then I can say that instead of using an invoice, you can use general journals for VAT correction.

First you create a G/L account (In this account you have to enter VAT business and product groups)

In the VAT posting setup, select this posting groups, select full VAT, the G/L account you create and make VAT percentage %0

In the journal; select the Account Type as G/L account, select the account you create and the general posting type.

Hope to solve your problem.

Best Regards

Ufuk

johnnyc313

themave wrote:

I think you are using an item not a g/l account

I'm definitely using a G/L account and it's the one in my VAT Setup as well.

It seems I am doing everything right.

themave

johnnyc313 wrote:

I'm definitely using a G/L account and it's the one in my VAT Setup as well.

Then try the method I outlined above it works for us all the time.