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 records the sales tax on the voucher only and includes it in the amount of the expense distribution. The system does not record sales tax in a separate account because you do not remit it to a tax authority; the supplier pays it.

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 (1,100) Received Not Vouchered Received Not Vouchered Tax	. . . 1,000 100	.
Post General Ledger (R09801) Posts the voucher to the general ledger	FIN - PC	F0911	AP Trade	.	1,100

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