VAT on Revenue Accrual in France
My client in France say they have a requirement to post revenue accruals that include the appropriate VAT amount.
As we all know, Project billing generates revenue independently of any customer invoicing activity and posts the ex-VAT revenue to GL.
A couple of questions :
1. Can anyone confirm if this is a French legal requirement, or is it just something my client is accustomed to doing?
2. Any suggestions of workarounds / customs that could be used to meet the client's needs?
Any suggestions or comments welcome
Regards
Ian