Post transactions with VAT directly in general ledger

In some cases, posting VAT directly in the General ledger may be necessary. To do this, activate this functionality first and after that you can create a journal transaction with VAT.

Activating VAT entry from the General ledger

1. Go to the Enable/disable functionalities (CS100000) window.
2. Select VAT entry from general ledger.
3. Click .
4. Click Enable.

Posting a journal transaction with VAT

1. Go to the Journal transactions (GL301000) window.
2. Select Create VAT transactions.
3. Click to add row.
4. Enter your transaction. Make sure to enter the VAT code on the income/expense line and VAT ID on the VAT line
5. Click .
6. Click Release to process the transaction through to the tax reports.