Problem: How to transfer the amounts of Input VAT to expenses?
Solution: In order to transfer the amounts Input VAT to expenses, please follow the steps below:
* Please use the document cautiously after Hotline recommendations only.
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)
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:
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 Trial Balance to check that Input VAT is written off as an expense:
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