Skip to Content
0
Former Member
Apr 14, 2009 at 02:02 PM

Include tax in asset acquisition total when posting inv receipt (MIRO)

388 Views

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