Skip to Content
author's profile photo Former Member
Former Member

vat pool acct

hi all

what is a vatpool a/c?how can we give the treatment in b/s for that a/c?

thanksin adv

rgds

sree

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Sep 19, 2007 at 12:33 PM

    hi Srilatha,

    VAT pool account is where you post the balances of all regular VAT accounts to.

    Example: regular VAT acount 1234 for input VAT total balance 100 debit, regular VAT account 6789 for output VAT total balance 120 credit.

    When "pooling", the balance from the regular VAT accounts 1234 and 6789 will be moved to the "VAT pool account". Refer to reprt RFUMSV00, screen block "Tax payable posting", field "Alternative Tax Payable Account". This is what you cann a VAT pool account. Note that you have to set this up in the IMG (TA OB89).

    Plss assign me the points....

    Ranjit

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.