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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Posting Bank Payment w...
Small and medium business | Business Central, N...
Suggested Answer

Posting Bank Payment without Purchase Invoice?

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Posted on by LindaJ 72

Is it possible to post a bank payment for which you do not have a vendor invoice posted can be posted directly to the cost account & also handle the VAT element:

For example, I have a bank payment to a supplier for £50 gross (which has no invoice), I need to post £40 net a cost account, and £20 VAT element to my VAT on Purchases B/S Account

This is possible in previous accounts system, so would be good if you can

Thanks

I have the same question (0)
  • ManishS Profile Picture
    ManishS 86 on at

    Taxation entries via Bank Payment & Cost Entries without Items.

    Why do you want this type of entries to be posted, any specific requirement.

  • LindaJ Profile Picture
    LindaJ 72 on at

    sometimes the payment goes out of the bank before I receive the invoice document, so in order to keep bank records accurate, I post the payment with the vat element through the bank and then attached the VAT invoice to the transaction once posted

  • Suggested answer
    Jyotsna NAV Profile Picture
    Jyotsna NAV 585 on at

    You can use Gen. Journal Line, create a record and post for a scenario like this.

    Regards

    Jyotsna Oberai

    jyotsnanav.blogspot.com

    Please mark this answer as verified if it answers your question. Thank you.

  • LindaJ Profile Picture
    LindaJ 72 on at

    Thanks Jyotsna,

    Does this allow to capture VAT entries?  Journal Example:

    Debit  - NL Code Net Value

    Debit  - Purchase VAT

    Credit -  Bank Gross Value

  • Suggested answer
    Jyotsna NAV Profile Picture
    Jyotsna NAV 585 on at

    Yes, 'Tax Liable' should be checked. But please remember, with gen. Journal you are directly posting in the accounts i.e, Credit/Debit. Check General Journal in RTC, you'll have an idea.

    Regards

    Jyotsna

    jyotsnanav.blogspot.com

    Don't forget to help the community by verifying the answer or at least like the suggestion if it did help in any way. It will let others know that the topic has a verified

  • LindaJ Profile Picture
    LindaJ 72 on at

    sorry I may be being really thick, what do you mean by check Gen Journal in RTC?

  • Jyotsna NAV Profile Picture
    Jyotsna NAV 585 on at

    Sorry my bad, RTC is in NAV.

    What I meant is check General Journal page in your application.

    Regards

    Jyotsna

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