Purchasing for Nonstock Items - Three-Way Voucher Match

When you purchase for a nonstock item, you can use either two-way or three-way voucher matching. When you use three-way voucher matching and enter the purchase order receipt, the system records the tax in the Received Not Vouchered Tax account, which is offset when the system creates the voucher. The system does not include the use tax in the gross amount of the voucher, nor does it include it in the amount of the expense distribution. The system records the tax in a separate account that is offset when you remit the tax to the tax authority.

Example: Purchasing for Nonstock Items - Three-Way Voucher Match

Program	AAI*	Table	Accounts & Fields Updated	F0911 DR	F0911 CR
Enter Receipts by PO (P4312) Creates a journal entry	. . DM - 4320 DM - 4355	F0911	Expense Account from PO line Received Not Vouchered Received Not Vouchered Tax	1,100	. . 1,000 100
Voucher Match (P4314) Creates a voucher	. . . DM - 4320 DM - 4355	F0411 . F0911	Taxable (1,000) Tax (100) Gross (1,000) Received Not Vouchered Received Not Vouchered Tax	. . . 1,000 100	.
Post General Ledger (R09801) Posts the voucher to the general ledger	FIN - PT FIN - PC	F0911	Use Tax Payable AP Trade	.	100 1,000

* DM - AAI = Distribution/Manufacturing AAI (F4950); FIN - AAI = Financial AAI (F0012)