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. 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 - Two-Way Voucher Match
Program |
AAI* |
Table |
Accounts & Fields Updated |
F0911 DR |
F0911 CR |
---|---|---|---|---|---|
Voucher Match (P4314) Creates a voucher |
. |
F0411 . F0911 |
Taxable (1,000) Tax (100) Gross (1,070) Expense Account from PO line |
. . . 1,030 |
. |
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)