Skip to Content
0

Manual VAT amount booking in the Vendor Downpayment

Apr 23 at 12:09 PM

35

avatar image

We have received a vendor invoice with VAT. The invoice value is 19300 and the VAT amount is 832. But as per the tax code rate, it comes 965.

We dont know how to post this downpayment with the manual tax amount of 832.

We cannot post the downpayment without a tax code also. If we post in F-02 with manual VAT amount, we dont know how it will adjust while clearing the downpayment against the Invoice ?

Any suggestion how to post this ?

10 |10000 characters needed characters left characters exceeded
* Please Login or Register to Answer, Follow or Comment.

1 Answer

Sanil Bhandari Apr 24 at 03:34 AM
0

Hi

You can use F-48 if doing a manual payment or a downpayment request with F110. There are some configurations you need to maintain to allow manual tax amount to be maintained. In the FTXP definition of tax code, you should not maintain the check box in properties as shown below:

Additionally also make sure that the recon account for Downpayments is made relevant for tax code, so that you can assign a tax code and amount. Now when you make the entry in F-47 or F-48, do not make the entry in Calculate tax and you should be able to provide the tax amount manually as shown below:

Thanks & Regards

Sanil Bhandari


image-1.png (31.4 kB)
image-1.png (36.6 kB)
Show 2 Share
10 |10000 characters needed characters left characters exceeded

Dear Sanil

Thank you very much for your valuable inputs. I am able to enter the tax manually as 832.67, but the entries generated autmatically for the tax is looking very weird... No idea how to correct it ?

Manual VAT = 832.67 (input done manually as per the vendor invoice)

Why it is generating it as two entries (one Dr. and Cr.) - 923.37- & 1756.04+ = + 832.67 ?

Net it is matching with the manual VAT.

capture-dp.png (12.3 kB)
0

Hi

Do you have a reverse charge mechanism for the tax code used? Also check your user setting in FB00 under the Document Entry tab, the check box for "calculate tax on net amount" maintained. If not maintained, please maintain the same, log out and post the document again

Regards

Sanil

0