The NIP table holds one-time supplier or customer data that is used in journals and for VAT registers. The customer or vendor name, code, address, and tax exempt number used for the VAT register are taken from customer and vendor accounts. However, there can be situations in which you have to post the sales tax without the vendor or customer account, or the data in the VAT register is different than the data assigned to the vendor or customer account.

You can use the NIP tableform to define the data for the VAT register that is used to post sales taxes to the VAT register. The code of the NIP table can be assigned to the general journal lines when the sales taxes are posted.

  1. Click General ledger> Common Forms> Chart of Account Detailsto open the Chart of accountsform.

  2. Select a ledger account for VAT transactions.

  3. On the Setuptab, in the Posting typefield, select the posting type for the selected VAT account as Sales tax.

  4. In the Sales tax directionfield, select from the following options:

    • Sales– VAT account for sales tax receivable

    • Purchase– VAT account for sales tax payable

  5. Enter the required details.

    Note Note

    For more information, see "Chart of accounts (form)" in the Applications and Business Processes Help.

  6. Press CTRL+S or close the form.

  7. Click General ledger> Setup> Sales tax> Ledger posting groupsto open the Account groupform.

  8. Press CTRL+N to create a new ledger posting group, and enter the required details.

    Note Note

    For more information, see "Account group – Ledger posting group (form)" in the Applications and Business Processes Help.

  9. On the Generaltab, in the Sales tax payablefield, select the VAT account for outgoing sales taxes.

  10. In the Sales tax receivablefield, select the VAT account for incoming sales taxes.

  11. Press CTRL+S or close the form.

  12. Click General ledger> Setup> Sales tax> NIP tableto open the NIP tableform.

  13. In the Namefield, enter the customer or vendor name.

  14. In the Codefield, enter a unique number for the customer or vendor.

  15. In the NIP Numberfield, enter the tax exempt number.

  16. On the Addresstab, in the Addressfield, enter the address for the customer or vendor.

  17. Press CTRL+S or close the form.

See Also