| Withholding tax on payment postingsPostings for withholding tax on payment of the purchase
invoice Step 1. Purchase invoice registrationIf you register the purchase invoice, LN creates these
postings: Amount | Debit/ Credit | Ledger account | Defined in session |
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Costs | Debit | Account of the invoice line | Depends on the setup. | Interim
VAT on payments | Debit | Purchase Tax on Payments (Interim) of the VAT tax
code | Posting Data for Tax Codes (tfgld0171s000) or Posting Data for Multiple Tax Codes (tfgld0170s000) | Accounts payable | Credit | ACP control account | Accounts by Financial BP Group (tfacp0110m100) |
Step 2. Purchase invoice paymentIf you finalize the payment of the purchase invoice, LN creates these
postings: Amount | Debit/ Credit | Ledger account | Defined in session |
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Accounts
payable | Debit | Control Account | Accounts by Financial BP Group (tfacp0110m100) | Interim VAT on
payments | Credit | Purchase Tax on Payments (Interim) of the VAT tax
code | Posting Data for Tax Codes (tfgld0171s000) or Posting Data for Multiple Tax Codes (tfgld0170s000) | VAT
receivable | Debit | Purchase Tax account of the VAT tax
code | Social contribution payable | Credit | Purchase Tax account of the Withholding Social Contribution tax code | Social
contribution expense | Debit | Social Contribution (Company Expense) account of the Social Contribution (Company Expense) tax code | Social contribution payable | Credit | Purchase Tax account of the Social Contribution (Company Expense) tax code | Income tax payable | Credit | Purchase Tax account of the Withholding Income Tax tax code | Bank | Credit | Account selected for the
transaction type used for the bank in Cash Management. | |
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