Understanding VAT and the General Ledger for Mexico

Before you process transactions with VAT, you should understand how the transaction affect the general ledger.

This diagram illustrates the effect on the general ledger of the Mexican VAT process for vouchers:

This diagram illustrates the effect on the general ledger of the Mexican VAT process for prepayments:

This diagram illustrates the effect on the general ledger of the Mexican VAT process for invoices.