vat pool acct

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