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Is there a way to show VAT on Prepayments?
We often make prepayments to our suppliers once we receive the Proforma Invoice from the supplier.
In Netsuite steps followed are
-Enter Purchase Order
-Enter Prepayment from the Purchase Order
Above is working fine, except that the PO has VAT on it and the same is not reflected on the prepayment; we expect that upon entering the Prepayment, VAT amount is shown on the Prepayment ,and if possible on the VAT reports.
Can anyone advise if there a way VAT is shown on the prepayment?
Thanks in advance.
Rgds
0