The VAT Adjustment document manages adjustments related to Value Added Tax (VAT) transactions. This document outlines the procedures for correcting discrepancies in VAT calculations, handling adjustments for sales and purchase invoices, and ensuring compliance with tax regulations.

Create VAT Adjustment #

1. Navigate to Accounting – VAT Adjustmens.
2. Click Create.
3. Verify or enter the Date.
4. Click the Add button to add a line.
5. Enter an Account, Extra dimensions, an Amount in Debit or Credit. 
7. If the selected GL account is ticked to account for Quantity or Class, fill these columns.
8. Save the document.

Accounting #

Recording a VAT adjustment document creates the following transactions in the General Journal:

• Debits: 
• Credits: