Financial - JDE1 (MOSC)

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VAT/TAX on Prepayment Voucher

edited Oct 30, 2014 10:03AM in Financial - JDE1 (MOSC) 5 commentsAnswered

Hi,

I am using JD Edwards 9.1 and trying to calculate VAT/Tax on prepayment voucher.

I have setup tax rate area and assigned the same in supplier master.

When I create a prepayment voucher, tax is calculated in the voucher based on the percentage of tax rate area.

But, when batch is posted for prepayment voucher, following entry is created:

Prepayment account Dr 200

Trade Creditor Cr 200

Tax account Cr 0

Why tax account is showing as blank when batch is posted?

Thanks.

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