On this page you will find the accounting transactions for the vendor invoices. The Charge account is defined in the Product window. The account used for the Reclaim Tax is defined in the Tax Rate window. The account used for the vendors is defined in the Vendor Accounting tab of the Business Partner window.
Vendor Invoice
Debit: In the Procurement process
Debit: Expense
Debit: Paid Tax- Expense
Credit: Tax Credit
Credit: Business Partner Merchandise, or
Credit: Business Partner Services
Note: If you have selected income-based accounting, the vendor invoice will not generate any accounting transaction. The transactions will be generated at payment assignment.
Details in Accounting and Open Items.