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Former Member
Jun 11, 2009 at 06:16 AM

Splitting of Invoice in MIRO for VAT

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Hi,

While doing MIRO the vat(tax) amount is included in the vendor credit line. We need to split this into two lines . One will contain the gr/ir sum and the other will contain the vat line.

Accounting entry:

Vendor Cr ( 118$)

GR/IR Dr ( say 100$)

Vat Dr ( 18$)

Required Ac Entry:

Vendor(GR/IR Amount) Cr ( 100$ )

Vendor(Vat Amount) Cr ( 18$ )

GR/IR Dr ( 100$)

Vat Dr ( 18$)

Please suggest.

Thanks & regards,

Abhisek