Problem: How to transfer the amounts of Input VAT to expenses?
Solution:
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Use Service Tools as shown.
* Please use the document cautiously after Hotline recommendations only.
Input VAT is shown as Closing Balance instead of to be written off:
1. There is no direct way to do this entry, therefore, please use manual entry document Transaction (General Ledger):
Accounting > Service Tools > Transactions (General Ledger)
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Please specify the Debit and Credit accounts, Department, Expense item, seller, Purchase document, Currency and Amount.
See also 7.5.6. Transactions (General Ledger)
2. This Transaction must be completed with a Register Correction.
To create a Register Correction, go to Administration > Administration Documents > Register Correction:
Fill out the document as shown below.
You can take the data from the register of the Invoice Received document.
Create Register Correction document, make Register Correction Settings and add Input VAT Accumulation Register as shown:
Add a record and create the same record in this register as Invoice Received did, but with opposite Record Type:
Put Expense instead of Receipt:
3. Generate a report to check your actions.
Thanks Trial Balance to check that Input VAT is written off as an expense:
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