VAT

Receivables Business Unit

Enter the business unit of the VAT receivables account. The system uses this account for VAT receivable transactions. You must set it up for each company that processes VAT transactions.

Receivables Object Account

Enter the object account of the VAT receivables account. The system uses this account for VAT receivable transactions. You must set it up for each company that processes VAT transactions.

Receivables Subsidiary

Enter the subsidiary account number of the VAT receivables account. The subsidiary account number is the subset of the object account. Subsidiary accounts include detailed records of the accounting activity for an object account.

Payables Business Unit

Enter the business unit of the VAT payables account. The system uses this account for VAT payable transactions. You must set it up for each company that processes VAT transactions.

Payables Object Account

Enter the object account number of the VAT payables account. The system uses this account for VAT payable transactions. You must set it up for each company that processes VAT transactions.

Payables Subsidiary

Enter a parent subsidiary account number that corresponds to VAT payables.