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VAT Control account type to be "Other Current Asset" - is this possible?

edited Dec 23, 2019 10:50PM in Accounting / ERP 1 comment

Hi,

We have a scenario where our client pays VAT in advance. that's why they need VAT control account as other current asset instead of typical other current liability. is this possible to achieve?

I have tried to create a new VAT contro account (navigate to setup -> accounting -> tax control accounts -> New and selected type as purchase instead of sales.
and inactivated NetSuite standard VAT Liability account.

But I am not whether it has any knock on effect?

Can any please help me with this.

Many Thanks in Advance,

Sadak

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