Hello,
I have the need to integrate future (long term) payments to a supplier into the cashflow, this payments may have taxes and also may need to be changed / adjusted. Even though I want it into the system for cashflow forecasting I want it to be neutral to everything else. That means I don't want it reflected into the accounting or to increase the suppliers balances, nor to affect the banks balance. I think my best options are:
- General Journal entries: It does affect the accounting because it has to be posted, also if it needs to be adjusted I need to make a negative journal plus a new journal.
- Budget entry: It works quite fine and there is no need of posting, but taxes confuse me, I can add "tax group" but not "item tax", and if I configure the accounts to already have taxes the system doesn't calculate them like in General Journals. Also I'm not sure if budgets should be used for that.
So I have doubts about what option should I choose or if I'm missing a better solution. If it helps I work under IFRS accounting and EU VAT taxes, also Invoices in my country are enumerated, dated, have legal implications and cannot be reversed or changed easily so it's a route I want to avoid.
Thank you in advance
