Suggested by Francisco Orozco – New
Wish there is a future option to include VAT tax calculation credit balance ledger posting, not featuring option to track VAT tax credit (receivable balance tax credit calculation), user might potentially process final tax calculation outside the system for pursue to include a potential eligible tax credit along with the balance vendor accrual.
Not featuring VAT tax credit calculation balance and specific ledger setup posting, from within the accrual tax vendor authority calculation for the period, user might not be efficiently saving time from tax calculation and from supporting tax calculation documents.
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REMARK: Example Mexico localization.
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REMARK: VAT tax credit balance calculation is a result when VAT tax supported is greater then the VAT tax payable: Example: VAT tax payable (liability): -100, VAT tax supported (receivable): -103 VAT tax credit: 3 (receivable)
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REMARK: VAT tax credit balance calculation is a result when VAT tax supported is greater then the VAT tax payable: Example: VAT tax payable (liability): -100, VAT tax supported (receivable): 103 VAT tax credit: 3 (receivable) Oops the sign.