EGL: What Is The Difference Between The VAT Account And The VAT Applicable Account Options?
(Doc ID 1308663.1)
Last updated on MARCH 16, 2023
Applies to:
PeopleSoft Enterprise FIN General Ledger - Version 8.9 to 9.2 [Release 8.9 to 9]Information in this document applies to any platform.
Goal
What is the difference between VAT Account and VAT applicable account ?
or,
How are the transactions for VAT booked in General Ledger? Should users be coding a Journal line directly to the VAT account, or should the system be creating this for them?
or,
When booking a transaction against an account that gets charged VAT, which account will be hit ?
or,
Solution
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In this Document
Goal |
Solution |
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