When a business organization purchases or sells goods, including labor and services, various taxes are applied. When you register a purchase or sales order, the taxes that must be applied to the voucher are calculated and accounting transactions are created.

Note
In the Chart of accountsform, on the Setuptab, in the Posting typefield, select Sales taxfor the accounts that are being specified.

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

2. Press CTRL+N to create a new line, and enter the required details.

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

3. In the Ledger posting groupfield, enter a unique code for the ledger posting group.

4. In the Descriptionfield, enter a descriptive name for the ledger posting group.

5. In the Sales tax payablefield, select the ledger for the tax, such as VAT, to be paid to the budget.

   Note
   As a rule, taxes from vouchers with clients are accumulated in this account when you post sales vouchers.

6. In the Payment offset accountfield, select the account that corresponds with the sales tax payable account.

   Note
   This account is used only when the Fixed offset postingcheck box is selected on the Sales taxtab, in the General ledger parametersform.

7. In the Sales tax receivablefield, select the ledger account for posting a tax receivable, such as VAT, filed by vendors.

8. In the Incoming tax paymentfield, select the tax receivable payment account.

9. In the Deferred taxfield, select the account for deferred tax accounting.

   Note
   This account is used if the VAT on paymentcheck box is selected on the Additionaltab when you post an order or sales invoice. When you post an invoice for each client, the tax that is included in the account is specified in the Deferred taxfield. When settling an invoice with payment, the tax amount is transferred from the deferred tax account to the sales tax payable account.

10. In the Use tax expensefield, select the ledger account that is used for expense accounting of nonrefundable purchase taxes. This tax, such as VAT, is used in the event that the purchase tax, which does not create debt with a vendor, must be displayed.

    Note
    This account is posted if the Use taxcheck box is selected on the Setuptab, in the Sales tax groupsform for the vendor sales tax group.

11. In the Use tax payablefield, select the ledger account for offsetting use tax. Debt payable to the tax authorities is created in this account.

12. In the Settlement accountfield, select the ledger account for sales tax payment.

    Note
    The sales tax due to the budget is debited when you create payments to the tax authorities.

13. Press CTRL+S or close the form.