Vat Payments

Overview

This module is used for VAT Payments only.  This is a ledger only transaction. 

This Module is excluded from the VAT Recon. 

Create Vat Payments. 

• Navigate to the Ledger.

• Select the VAT Payment transaction in the transaction selection. 

• Create a new VAT Payment transaction. 

• Select the bank account. 

• Set the Amount. 

• Update the status. 

Accounting

• Debits the VAT Control account.

• Credits Bank.