treatment of vat

[Derek Atkins]

"Gerard McElroy" <gerard.mcelroy at citadel-fa.ie> writes:

> Hi,
>     Need assistance on posting of VAT on customer invoices.
>         When I fill out customer invoice and post to nominal ledger, the gross amount inclusive of tax
>     is posted to acct receivable acct and gross amnt posted to sale account.  I need to split the entries between nett sale and vat (tax). there is no posting entry for vat on sales to nominal accts. 
> I thought posting entries did this automatically. How do I achieve this? using v.2.2.9. 
>     I think I have correct settings in tax option & tax table editor.

How did you set up your tax tables?

>         Regards
>         Gerard

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
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