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 includes the VAT tax only in the gross amount of the voucher (not the use tax), but includes only the use tax in 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	1,030	. 1,000 30
Voucher Match (P4314) Creates a voucher	. . . DM - 4320 DM - 4355 DM - 4350 DM - 4350	F0411 . F0911	Taxable (1,000) Tax (100) Gross (1,070) Received Not Vouchered Received Not Vouchered Tax Purchase Tax Accrual (asset) Purchase Tax Accrual (asset)	. . . 1,000 30 30	. . . . . . . 30
Post General Ledger (R09801) Posts the voucher to the general ledger	FIN - PTxxxx FIN - PT FIN - PC	F0911	VAT Recoverable Tax Use Tax Payable AP Trade	70	. 30 1,070

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