Posting Import VAT

After you have set up codes for import VAT, you can post import VAT invoices.

To Post Import VAT:

1. Open the General Journal window.

2. Fill in one line in the journal with the amount of the invoice and the G/L account for import VAT.

3. In the Gen. Posting Type field, enter Purchase. In the VAT Bus. Posting Group field, select the posting group you entered in the import VAT combination in the VAT Posting Setup window. In the VAT Prod. Posting Group field, select the posting group you set up for import VAT (you need to do this only if the G/L account does not have any of these codes assigned). The VAT posting group fields are not shown in the standard layout, but you can insert them with the Show Column function.

4. After filling in the fields, click Posting, Post to post the journal.

Related Topics

Recording VAT

Posting Import VAT with a Purchase Invoice

Viewing VAT Entries

Using the Show Column Function

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