Financial - JDE1 (MOSC)

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E1 Mexico VAT Recognition

edited Dec 1, 2014 11:34AM in Financial - JDE1 (MOSC) 1 commentAnswered

Hi --

We have configured the Mexican VAT for A/P payments and have successfully run the report to recognize the Exchange Gain/Loss at time of payment and generated the entries.  I am being told that the recognition of the VAT has to happen when the payment clears the bank, not when it is issued.  For electronic paymnets, there is not an issue since the payment will clear the bank on the same day.  Does E1 have a solution for checks, that may not clear the bank for a number of days, to run something based on when the payment cleared the bank?

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