Known Limitations of Deferred VAT Recognition

Note:

This feature requires the Deferred VAT SuiteApp

The following describes the known limitations of the Deferred VAT Recognition feature:

• Only accounts without SuiteTax are supported.

• Multi-book accounting feature, Tax group, or Automated Intercompany Management are not supported.

• Invoices, Credit Memo, and Sales Order Invoices are supported. For Sales Orders, the Invoice should be created within the Revenue Plan created for that Sales Order.

• You need to manually run Update Revenue Arrangements and Revenue Plans and Create Revenue Recognition Journal Entries before you can create deferred VAT recognition journal entries.

• The Reverse Deferred VAT Recognition Journal Entries box is not checked by default. You can only check or clear the box once to enable the reversal or delete the existing DVR journal and create a new DVR journal.

General Notices