You can define the parameters for determining the tax direction for a general journal voucher in the Account groupform. For a selected account type, you can define more than one tax direction for a single voucher.

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

  2. Select an account for defining 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.

See Also