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Is there a way to show VAT on Prepayments?

edited Jun 2, 2025 2:34PM in Ask A Guru 2 comments

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

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