When you enter a VAT-liable amount including VAT on a journal line, you must enter it in the Amount field. Alternatively, you may enter the amount excluding VAT, also called the VAT base. If you choose to do so, you must not enter anything in the Amount field.
To enter VAT-liable amounts without VAT
In the Search box, enter General Journal, and then choose the related link.
Fill in the fields on the first line.
Enter the amount excluding VAT in the VAT Base Amount field or in the Bal. VAT Base Amount field.
Note The base amount fields are not included in the standard layout, but they can be inserted by your system administrator.
The Gen. Posting Type, Gen. Bus. Posting Group, and Gen. Prod. Posting Group fields and the corresponding fields for the balancing account are filled in automatically, but they can be changed if necessary.
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For more information about how to work with fields and columns, see Work with Data. For more information about how to find specific pages, see Search. |