Can someone explain to me the logic of VAT posting (Business and Product) in the Chart of Accounts. My system has been set up using USA developers and I wonder if they have done it correctly as I don't understand the logic. I cannot post a purchase invoice/order to any ledger account if I have not set up the VAT business and posting groups in that ledger account. Surely you can have more than one type of VAT business and product posting categories in the same chart of accounts?
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