Specifies the number of the general ledger account to which you want to post amounts for unrealized reverse charge VAT (purchase VAT) for this combination of VAT business posting group and VAT product posting group, if you have selected the Reverse Charge VAT option in the VAT Calculation Type field.
The VAT amount will be posted to the account for VAT where it wil stay until the customer's payment is posted. It will then be transferred to the G/L account for purchase VAT.
To use the unrealized VAT feature, you must activate the Unrealized VAT field in the General Ledger Setup window. You must also select one of the options in the Unrealized VAT Type field.
To see the account numbers in the Chart of Accounts window, choose the field.
Fill in the field for all combinations that will be used for purchase transactions where the purchaser calculates unrealized VAT.
 Tip |
|---|
For more information about how to work with fields and columns, see Work with Data. For more information about how to find specific pages, see Search. |