Enabling the VAT/GST reverse indicator

To enable the VAT/GST reverse process, the entity tax code must be set to accrued and must have an accounts payable tax accrual code.

  1. Sign in as Payables Administrator and select Tax Setup > Entity Tax Codes.
  2. On the Main tab, specify this information:
    Accrued or Invoiced
    Select Accrued.
    Accounts Payable Tax Accrual Code
    Select a code.
  3. See the Payables setup in the Financials Setup and Administration Guide for other required setup for the processing payables invoices.
  4. Create the Payables invoice record.
    See Creating Payables invoice record.