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View Revisions: Issue #33354 | [ All Revisions ] [ Back to Issue ] | ||
Summary | 0033354: No correct Cash VAT posting for the payment in case of more than one General Ledger assigned to the Organization. | ||
Revision | 2016-06-24 13:39 by psanjuan | ||
Steps To Reproduce | In an environment with F&B International Group demo data, install "Cash VAT Management" module. Once installed apply its dataset at * organization. Go to Account Tree window and create below accounts: For F&B España, create the accounts: Search Key: 47200T Name: HP IVA soportado Transitorio Account Type: Asset Search Key: 47700T Name: HP IVA repercutido Transitorio Account Type: Liability For F&B International Group, create the accounts: Search Key: 2260T Name: Sales Tax Payable Transitory Account Type: Liability Search Key: 7410T Name: Tax Expense Transitory Account Type: Expense Go to General ledger Configuration window and enter above created accounts for each General Ledger Configuration, Defaults tab: F&B España: Tax Due Transitory: 47700T Tax Credit Transitory: 47200T F&B International: Tax Due Transitory: 2260T Tax Credit Transitory: 7410T Go to Tax rate window and create below two one tax rates: (1) For F&B España: Name = Adquisiciones IVA 21% IVA de Caja Valid from date = 01-01-2016 Rate = 21 Purchase Tax Cash VAT = YES Country= Destination country = Spain. (1) For F&B US: Name = Purchase Tax Cash VAT Valid from date = 01-01-2016 Rate = 21 Purchase Tax Cash VAT = YES Country= Destination country = United States Go to purchase invoice and create a new one for F&B España. Bebidas Alegres BP. Set it as Cash VAT = Yes. Enter any line. Make sure that the tax "Adquisiciones IVA 21% IVA de Caja" is shown in there. Complete and post the invoice. Verify postings refers a transitory VAT account: F&B España Euro: 204.00 (6000) Compras Mercaderias - DEBIT 42.84 (47200T) HP IVA soportado Transitorio - DEBIT 264.84 (4000) Proveedores - CREDIT F&B International Dollar: 22.36 (5360) Product Expense - DEBIT 42.84 (7410T) Tax Expense Transitory - DEBIT 269.06 (2110) Accounts Receivable - CREDIT Add a payment for the invoice. Go to the payment and post it. F&B España Euro: 246.84 (40000) Proveedores - DEBIT 246.84 (57200) Bancos - CREDIT (*) this posting is not correct as it does not move Cash VAT transitory account balance to a Final Cash VAT account F&B International Group: 269.06 (2110) Account payables - DEBIT 46.70 (7410) Tax expense - DEBIT 269.06 (1140) Bank - CREDIT 46.70 (7410T) Tax Expense Transitory - CREDIT (*) this posting is correct. Moreover, create a purchase invoice for F&B US, Be Soft Drinker Inc BP. Make sure it is set as Cash VAT = Yes. Add any line. Make sure that the tax rate "Purchase Tax Cash VAT" is used. Complete and post. Add a payment and verify below posting for the only general ledger related to F&B US: F&B International Group /Dollar 366.03 (2110) Account payables - DEBIT 65.53 (7410) Tax expense - DEBIT 366.03(1140) Bank - CREDIT 63.53 (7410T) Tax Expense Transitory - CREDIT |
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Revision | 2016-06-24 13:39 by psanjuan | ||
Steps To Reproduce | In an environment with F&B International Group demo data, install "Cash VAT Management" module. Once installed apply its dataset at * organization. Go to Account Tree window and create below accounts: For F&B España, create the accounts: Search Key: 47200T Name: HP IVA soportado Transitorio Account Type: Asset Search Key: 47700T Name: HP IVA repercutido Transitorio Account Type: Liability For F&B International Group, create the accounts: Search Key: 2260T Name: Sales Tax Payable Transitory Account Type: Liability Search Key: 7410T Name: Tax Expense Transitory Account Type: Expense Go to General ledger Configuration window and enter above created accounts for each General Ledger Configuration, Defaults tab: F&B España: Tax Due Transitory: 47700T Tax Credit Transitory: 47200T F&B International: Tax Due Transitory: 2260T Tax Credit Transitory: 7410T Go to Tax rate window and create below two one tax rates: (1) For F&B España: Name = Adquisiciones IVA 21% IVA de Caja Valid from date = 01-01-2016 Rate = 21 Purchase Tax Cash VAT = YES Country= Destination country = Spain. (1) For F&B US: Name = Purchase Tax Cash VAT Valid from date = 01-01-2016 Rate = 21 Purchase Tax Cash VAT = YES Country= Destination country = United States Go to purchase invoice and create a new one for F&B España. Bebidas Alegres BP. Set it as Cash VAT = Yes. Enter any line. Make sure that the tax "Adquisiciones IVA 21% IVA de Caja" is shown in there. Complete and post the invoice. Verify postings refers a transitory VAT account: F&B España Euro: 204.00 (6000) Compras Mercaderias - DEBIT 42.84 (47200T) HP IVA soportado Transitorio - DEBIT 264.84 (4000) Proveedores - CREDIT F&B International Dollar: 22.36 (5360) Product Expense - DEBIT 42.84 (7410T) Tax Expense Transitory - DEBIT 269.06 (2110) Accounts Receivable - CREDIT Add a payment for the invoice. Go to the payment and post it. F&B España Euro: 246.84 (40000) Proveedores - DEBIT 246.84 (57200) Bancos - CREDIT (*) this posting is not correct as it is not transferring Cash VAT transitory account balance to a Final Cash VAT account F&B International Group: 269.06 (2110) Account payables - DEBIT 46.70 (7410) Tax expense - DEBIT 269.06 (1140) Bank - CREDIT 46.70 (7410T) Tax Expense Transitory - CREDIT (*) this posting is correct. Moreover, create a purchase invoice for F&B US, Be Soft Drinker Inc BP. Make sure it is set as Cash VAT = Yes. Add any line. Make sure that the tax rate "Purchase Tax Cash VAT" is used. Complete and post. Add a payment and verify below posting for the only general ledger related to F&B US: F&B International Group /Dollar 366.03 (2110) Account payables - DEBIT 65.53 (7410) Tax expense - DEBIT 366.03(1140) Bank - CREDIT 63.53 (7410T) Tax Expense Transitory - CREDIT |
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Revision | 2016-06-24 13:29 by psanjuan | ||
Steps To Reproduce | In an environment with F&B International Group demo data, install "Cash VAT Management" module. Once installed apply its dataset at * organization. Go to Account Tree window and create below accounts: For F&B España, create the accounts: Search Key: 47200T Name: HP IVA soportado Transitorio Account Type: Asset Search Key: 47700T Name: HP IVA repercutido Transitorio Account Type: Liability For F&B International Group, create the accounts: Search Key: 2260T Name: Sales Tax Payable Transitory Account Type: Liability Search Key: 7410T Name: Tax Expense Transitory Account Type: Expense Go to General ledger Configuration window and enter above created accounts for each General Ledger Configuration, Defaults tab: F&B España: Tax Due Transitory: 47700T Tax Credit Transitory: 47200T F&B International: Tax Due Transitory: 2260T Tax Credit Transitory: 7410T Go to Tax rate window and create below two one tax rates: (1) For F&B España: Name = Adquisiciones IVA 21% IVA de Caja Valid from date = 01-01-2016 Rate = 21 Purchase Tax Cash VAT = YES Country= Destination country = Spain. (1) For F&B US: Name = Purchase Tax Cash VAT Valid from date = 01-01-2016 Rate = 21 Purchase Tax Cash VAT = YES Country= Destination country = United States Go to purchase invoice and create a new one for F&B España. Bebidas Alegres BP. Set it as Cash VAT = Yes. Enter any line. Make sure that the tax "Adquisiciones IVA 21% IVA de Caja" is shown in there. Complete and post the invoice. Verify postings refers a transitory VAT account: F&B España Euro: 204.00 (6000) Compras Mercaderias - DEBIT 42.84 (47200T) HP IVA soportado Transitorio - DEBIT 264.84 (4000) Proveedores - CREDIT F&B International Dollar: 22.36 (5360) Product Expense - DEBIT 42.84 (7410T) Tax Expense Transitory - DEBIT 269.06 (2110) Accounts Receivable - CREDIT |
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Revision | 2016-06-24 13:24 by psanjuan | ||
Steps To Reproduce | In an environment with F&B International Group demo data, install "Cash VAT Management" module. Once installed apply its dataset at * organization. Go to Account Tree window and create below accounts: For F&B España, create the accounts: Search Key: 47200T Name: HP IVA soportado Transitorio Account Type: Asset Search Key: 47700T Name: HP IVA repercutido Transitorio Account Type: Liability For F&B International Group, create the accounts: Search Key: 2260T Name: Sales Tax Payable Transitory Account Type: Liability Search Key: 7410T Name: Tax Expense Transitory Account Type: Expense Go to General ledger Configuration window and enter above created accounts for each General Ledger Configuration, Defaults tab: F&B España: Tax Due Transitory: 47700T Tax Credit Transitory: 47200T F&B International: Tax Due Transitory: 2260T Tax Credit Transitory: 7410T Go to Tax rate window and create below two one tax rates: (1) For F&B España: |
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Revision | 2016-06-24 13:12 by psanjuan | ||
Steps To Reproduce | tbd |
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