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