Skip to Content
0
Aug 29, 2023 at 07:45 AM

Issue with VAT report as a result of forex difference on VAT, not being linked Invoice

151 Views

Hi Everyone,

I have an issue with a vendor invoice in a currency different from the Local/Reporting currency. The VAT portion of the invoice has been accurately posted to the input VAT account, however instead applying the exchange rate to the VAT amount in document currency to arrive at the VAT amount in Local currency, the system (SAP) first applied and exchange rate of 1/1 to the amount in doc currency and put an equal amount in the "Amount in local currency field", it then created a second line where it accounts for the exchange rate difference for the same transaction.

The problem with this is that when we run the VAT report only the first line is picked up by the report and the second line excluded. And this makes our VAT report incorrect.

Does anyone have a solution to this problem