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PO Matched invoice effect of inclusive and exclusive VAT on invoice level.

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Summary:

PO Matched invoice effect of inclusive and exclusive VAT on invoice level.

Content (please ensure you mask any confidential information):

There is 10% VAT inclusive and exclusive.

Total amount of invoice = 100

PO amount = 100

PO VAT = Exclusive 10%

Recieved amount =100

When matching the invoice ;

Scenario 1 - Inclusive

Invoice total = 100

Matched amount = 100

VAT inclusive selected on invoice.


Scenario 2 - Exclusive

Invoice total = 100

Matched amount = 190

VAT exclusive coming from the invoice is kept selected.


In scenario 1 , entries are passed to the price variance account and accrual account is Debited from the total amount of 100. But the VAT is calcuated correctely in invoice level and entries are passed.

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