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Vendor Broker Charge Invoice not including VAT

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Posted on by Barry Clarke

Hi, Has anyone had any issues when approving broker claims, the invoice generated on the vendor side does not include VAT. I want this to create an invoice journal to the vendor account with VAT included.

Any ideas?

Thanks in advance

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Sumit Loya 2,230 on at

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Hi Barry,

By default there is no support to default the taxes for brokerage vendor invoice in the system. Ideally it should have defaulted the VAT group from vendor account and VAT item group from Procurement category. But there is no code to do that.

There can be two possibilities.

1. Get a developer to extend code to default these values while creating line.

2. Another work around is to disable automatic posting of vendor invoice in AP parameters

Then the invoice is just created. Then modify the invoice to attach VAT group and Item VAT group and then post the invoice.

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MauricioSaldana on at

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Hi Barry,

You can also default the sales tax group and the item sales tax group on the ledger account so you don't need to do it manually.

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Sumit Loya 2,230 on at

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Hi Mauricio,

Have you tested this setting? I couldnt get that to work.

What the system is doing is creating Non-PO vendor invoice and posting. I dont believe it will default VAT group and Item VAT group from main account.

The best possibility is VAT group from Vendor master and Item VAT group from Procurement category setup in AP parameters.

I reviewed the standard code and MS did miss the code to default these values from respective masters.

For long term, Barry can suggest this to MS to make the change and for short term, you will need to disable automatic posting if you want to setup VAT group and Item VAT group for vendor invoices.

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Barry Clarke 5 on at

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The account overrides only works when creating a manual vendor invoice journal, not automatically using the broker charge functionality. Looks like its dev work then as the volume would be too high for a manual workaround :(

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barryclarke 10 on at

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Although Sumit, I would take the item VAT group from the charge code used on the broker agreement, that would give you flexibility for where multiple broker charges apply to a sales order (for example where one charge is VAT applicable, and another is not)

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Sumit Loya 2,230 on at

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Yes, but does it create multiple vendor invoice lines for different items on sales orders or does it sum up?

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Community Member on at

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Ideally it should have defaulted the VAT group from vendor account brokers MetaTrader 4 and VAT item group from Procurement category. But there is no code to do that.

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