VAT EU Acquisitions

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valentino46
valentino46 Registered Posts: 124 Dedicated contributor 🦉
Hi Guys,

Im having a bash at VAT control accounts and noticed that when it comes to entering EU acquisiions they are entered onto both sides of the control account. Im unsure as to why!!

any ideas guys


cheers

rob

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  • Bluewednesday
    Bluewednesday Registered Posts: 1,624 Beyond epic contributor 🧙‍♂️
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    Because that is the VAT rule.

    THey are entered on both sides to ensure that no VAT is paid over.
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