How to: Enter VAT-liable Amounts Without VAT in General Journals
When you enter a VAT-liable amount including VAT on a journal line, you must enter it in the Amount field. Alternatively, you may enter the amount excluding VAT, also called the VAT base. If you choose to do so, you must not enter anything in the Amount field.
To enter VAT-liable amounts without VAT
In the Search box, enter General Journal, and then choose the related link.
Fill in the fields on the first line.
Enter the amount excluding VAT in the VAT Base Amount field or in the Bal. VAT Base Amount field.
Note
The base amount fields are not included in the standard layout, but they can be inserted by your system administrator.
The Gen. Posting Type, Gen. Bus. Posting Group, and Gen. Prod. Posting Group fields and the corresponding fields for the balancing account are filled in automatically, but they can be changed if necessary.
See Also
Tasks
How to: Create a VAT Combination Setup
How to: Fill In Recurring Journals
How to: Fill In and Post General Journals
How to: Set Up Default Balancing Accounts
How to: Set Up Multiple Journal Batches