Problem: How to Accrue VAT on Bank Charges?
Solution:
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Use Bank Payment and Input VAT Transaction as shown.
NOTE This manual is applicable for
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Release 2.1.1.20
1. For bank charges enter Bank Payment document with Transaction Type Others.
The amount should
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include VAT.
At Payment details tab, put GL Account Banking and Other Costs:
See more 6.2.2.9. Bank Payments (Other)
2. Enter manual Input Vat VAT transaction
3. Check the statement
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