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I have invoice with VAT
I would like to add VAT to the cost of the inventory when create invoice in purchase order and tax would not exist in the accounting entry
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Hello Mena Atef,
Agree with faiz7049 here.
VAT should not have an influence on your inventory values and costs.
I do not know a single VAT system that would allow incorporating VAT amounts into inventory.
Can you double check and clarify with your accountants and auditors whether this is really allowed in your country?
For which country/region do you need that?
Best regards,
Ludwig
Hello Mena Atef,
You can use the "adjust transaction" functionality. After posting vendor invoice, select vat account in invent posting setup as gain account and make your transaction.
best regards.
thank you Faiz
but this solution would make a difference between module and sub module in another word , between the balance of inventory in G. L module and the balance of inventory in inventory management module
If you really want to add VAT to inventory during Purchase Order. Goto-->General Ledger-->Setup-->Sales tax-->Ledger posting groups-->put your inventory ledger account in Sales tax receivable.
First try this configuration to Test environment.
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