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Does two new GL required for VAT in ERP?

Traditionally, charge has been accounted for frame your GL and a few arrangements will even now do this and when revealing from your GL, you will require in excess of one GL code for VAT. Nonetheless, the right way is that you ought to have the capacity to accommodate your VAT back to the GL accounts yet other than that, all VAT announcing ought to be done from your value-based information. This implies 2 GL codes, one for AP and one for AR is splendidly adequate.

Faqs | 👁 1202 | Posted October 21, 2018 | Share on Facebook | Twitter | Google+

| Modified: October 21, 2018 | Author: