0 Replies Latest reply on Jun 12, 2015 10:55 AM by 2769779

    How to change vat setup not to include vat amount to receipt amount for PO Receipt?


      Hello everyone



      I have a case a about vat on PO Receipt and need your help.


      Here is the example of this case:


      PO Amount: 263,144

      Tax Amount: 44,734.48

      Total Amount: 307,878.48


      After I receive and check on Material Transaction there are accounting entries as follow:


      Finished Goods: 263,144

      Purchase Price Variance: 42,445.94

      Raw Material Variance: 2,288.54

      FG Inventory Material Overheads: 2,996.18

      Raw Materials in Receiving and Inspection: - 307,878.48

      Landing Cost Overhead (Freight/Duties): -3,157.72


      Receipt Amount at Raw Materials in Receiving and Inspection is the amount that include vat which is not correct. It should not be 307,878.48. It should be 263,144 which is PO amount.


      Could you please advise me where can I change the setup?



      Kind regards