Hi,
We are matching invoice with Receipt and applying the tax at the time of Invoice creation.
The Accounting entries are,
Ex: Receipt amount 1000
Inventory Receiving a/c Dr 1000
AP Accrual A/C Cr 1000
Invoice (we have 2 type of Taxes 1% and 3% and separate tax accounts): 1040
Ap accrual A/c Dr 1000
<b>Tax variance A/c Dr 10 (we need tax Account here)
Tax variance A/c Dr 30 (we need tax Account here)</b>
Liabilty A/c Cr 1040
The variance account is coming from Receiving Options.
Please share your valuable suggestions on this issue.
Variance Accounts are coming into Invoice.
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