Hello all,
I have a question regarding including input tax in asset acquisition total at the time of posting invoice receipt and I'm hoping that someone can point me to the right direction.
When invoice receipt is posted, below is the accounting impact:
DR. Asset Acquisition Account 100
DR. Tax Account 19
CR. A/P Account <119>
If we want to include tax amount as part of the asset total (asset acquisition total needs to be $119 instead of $100), how can I accomplish this?
Thanks,
Cassandra