Accounting Rules for TX - Tax Management

TX01: VAT Declaration Voucher

When applied

Account entries are created when the 'VAT declaration voucher' is selected in 'VAT Run. Open' (TXS100). A VAT declaration voucher is then created by account and VAT code based on the original VAT posting from all transactions. The other side of the posting is based on the accounting rules below.

References

See Update General Ledger with Declared VAT.

Accounting rules for TX01: VAT declaration voucher

Rule	D/C	Name	Description
TX01-119	C	VAT to be paid
TX01-219	D	VAT to be received