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    Vendor prepayment with VAT

    in Ask A Guru 4 comments

    Hii,, in my country we have a rules,, if we doing vendor prepayment, we should recocnized VAT,

    example case :

    Item 10.000

    Vat 1.000

    when vendor prepayment we should input VAT and make journal

    db Vendor Prepayment 5.000

    db VAT 500

    cr Bank 5.500


    then when we doing bill journal will

    db item 10.000

    db VAT 1.000

    cr Account Payable 11.000

    at the same vendor prepayment application

    db Account Payable 5500

    cr Vendor prepayment 5000

    cr VAT 500


    any bundle to create this?

    Regards,

    R. Dieka Pribadi G. E.,

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