When doing VAT manually I always addback 33.33% on fuel and L&H.
How / where do I set this up in Accounts Production ?
Or will I have to journal the addback amount at the end of each period ?
Thank you.
When doing VAT manually I always addback 33.33% on fuel and L&H.
How / where do I set this up in Accounts Production ?
Or will I have to journal the addback amount at the end of each period ?
Thank you.
Hi,
Thanks for using Community Hub.
You can set up a specific VAT rate in SAP if you're in the dataset in question, go to tools at the top then settings at the bottom - dataset settings, go to the VAT Rates tab and enter the required rate in "D" for example and enter something in the description. You can then use the letter D in your postings to automatically calculate VAT rate that you've entered.
Hope this helps,
Thanks
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