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Enter VAT on G/L level

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  1. Follow steps 1-4 in Enter a G/L transaction with a specific document number. Enter the accounting information, with the following exceptions:
    2. VAT amount
    In this field you can enter the VAT amount. The system will then calculate the transaction amount according to the rules you have set up for the VAT handling code.
    Vc
    Enter a VAT handling code. The system will automatically calculate the VAT amount and post the VAT account.

    Note: Both fields above are only shown if you have defined this in the G/L control file. The VAT handling code you state controls the relationship between the transaction amount and the VAT amount. Update the posting.

  2. The panel displays a G/L transaction with VAT, that the system has automatically calculated. Enter the contra account and update the posting.
  3. The panel displays a complete G/L transaction with VAT on G/L level. Click Exit to end the entering.
  4. Follow the last steps in Enter a G/L transaction with a specific document number to end the batch and update the General Ledger.

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