Adding an expense account
You can add an expense account to a set of books to map the expense types to the VAT accounts.
Note: The number and the names of fields may vary based on the company
configuration of the Infor Expense Management application.
- Select Manage > Corporate Data.
- Select Set of Books - Expense in the Data Type field.
-
Specify this
information:
- Expense Type
- The expense type to map the expense account.
- Payment Request Type
- The payment request type to map the expense account.
- Set of Books
- The set of books from the list.
- Expense Account List
- The list of expense account.
- VAT Account
- The VAT account associated with the expense account.
- Description
- The description of the expense account.
- Status
- The status of the expense account. The status can be Active or Inactive.
- Use only w/user entered VAT/GST
- If this check box is selected, the expense account only with the users who specify either VAT or GST information is considered.
- Tax Deductible Account
- The general ledger account of the tax-deductible portion of the expense account.
- Non Tax Deductible Account
- The general ledger account number of the non-tax deductible portion for the expense account.
- Tax Deductible Subaccount
- The general ledger sub-account of the tax-deductible portion of the expense account.
- Non-Tax Deductible Subaccount Code
- The general ledger sub-account number of the non-tax deductible portion for the expense account.
- Click Add to add the line item field constraints to an expense account.
- Select a corporate data type and click Find.
- Select an entry from the list and click Pick Selected.
- Continue adding expense types and click OK to save the data.