Enabling VAT in General journal

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Posted on by M Saravanan

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Dear Members,

I would like to know how to make VAT Amount that has to be displayed in the Journal. Currently when I am trying to post an entry via general journal, I am not getting the VAT amount in the column. I had entered the VAT % as 15 in the VAT posting setup. But still I am not getting the VAT Amount.

Could you members please throw some light on the area where I went wrong ?

Thanks,

Saravanan

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M Saravanan 222 on at

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Enabling VAT in General journal

Hi Shauna Langley,

My issue got resolved. The issue prolonged to occur when the Gen. Business Posting type was left empty. Once, upon selecting the option to be Purchase/sales for the Gen. Business Posting type and on selecting the VAT Business posting group and VAT Product posting group, the VAT amount is get calculated and gets displayed in the respective column.

Thanks for your spending your valuable time to help me..!!

Best,

Saravanan M
M Saravanan 222 on at

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Enabling VAT in General journal

Hi Shauna Langley,

Please find the screenshots below for your refference.

Kindly help me to resolve the issue which I am currently facing.

Thanks & Regards,

Saravanan
Shauna Langley 612 Super User 2024 Season 2 on at

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Enabling VAT in General journal

Hi,

Are you able to send through a screen shot of the general journal?

Thanks,

Shauna
M Saravanan 222 on at

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Enabling VAT in General journal

Hi Shauna Langley,

Thanks for the response. I have checked my setups on based on the points that you had mentioned. But I have done the things which ever you had mentioned. But still, I ain't getting the VAT Amount calculated in the General Journal.

Please let me know if I need to check any other setup.

Help me to meet out my requirement..!!

Thanks & Regards,

Saravanan
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Shauna Langley 612 Super User 2024 Season 2 on at

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Enabling VAT in General journal

Hi,

I think this is what you are looking for.

On the general journal batch I tick the field below.

I entered a general journal line and set the VAT Bus. Posting Group and VAT. Prod Posting Group to the below.

You can see that the VAT Amount is now set based on 20% which is from the vat posting setup.

Hope that helps,

Shauna