Global ledger input and output accounts

During setup, you must designate which general ledger accounts the system posts to for input and output taxes.

This table describes the general ledger accounts you can post to.


General ledger account	Description
Input Account	The general ledger dimension that is used for input taxes. Input taxes are paid by the company through Payables.
Input Due Account	A temporary account to which your sales tax is posted when your tax point date is set to the payment date. With this account, the sales tax is moved to the input account when you pay the vendor. The tax point date is the date that tax is recognized by the system. The tax point date can be the invoice, shipping, general ledger post date, or payment date.
Output Account	An account in which you collect taxes through the systems that bill customers.
Output Due Account	A temporary account to which your sales tax is posted when your tax point date is set to the payment date. With this account, the sales tax is moved to the output account when the customer pays the invoice. The tax point date is the date that you want the system to recognize tax. The tax point date can be the invoice, shipping, GL post date, or payment date.
Recoverable Account	The general ledger account that is used if your tax calculation returns a Domestic VAT recoverable amount. If this field contains a value, then your tax distribution account is used. If this field is blank, then the standard tax account is used.
Non Recoverable Account	The general ledger account that is used if your tax calculation returns a Domestic VAT non-recoverable amount. If this field contains a value, then your tax distribution account is used. If this field is blank, then the standard tax account is used.
Foreign Recoverable Account	The general ledger account that is used if your tax calculation returns a Foreign VAT recoverable amount. If this field is contains a value, then your tax distribution account is used. If this field is blank then the standard tax account is used.
Foreign Non Recoverable Account	The general ledger account that is used if you tax calculation returns a Foreign VAT non-recoverable amount. If this field contains a value, then your tax distribution account is used. If this field is blank, then the standard tax account is used.