Purchasing for Nonstock Items - Two-Way Voucher Match

When you use two-way voucher matching, the system does not use the Received Not Vouchered accounts because you do not enter purchase order receipts; you enter the purchase order and create the voucher. When the system creates the voucher, it includes both the sales and VAT tax amounts in the gross amount of the voucher, but only the sales tax in the expense distribution. When you post the voucher, the system records the VAT in the VAT Recoverable Tax account. Rather than pay a tax authority, you pay the supplier for the amount of the goods plus VAT and recover the VAT amount from the tax authority later.

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

Program	AAI*	Table	Accounts & Fields Updated	F0911 DR	F0911 CR
Voucher Match (P4314) Creates a voucher	. . . . DM - 4315* DM - 4315*	F0411 . F0911	Taxable (1,000) Tax (100) Gross (1,100) Expense Account Expense Account	. . . 1,000 30	.
Post General Ledger (R09801) Posts the voucher to the general ledger	FIN - PTxxxx FIN - PC	F0911	VAT Recoverable Tax AP Trade	70	. 1,100

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