Nominal VAT Writeback (NVW)

This posting allows an adjustment to be made to the selected VAT control and optionally update the associated taxable value accordingly.

Using the posting

When using an NVW, you must specify details of the VAT control account to be adjusted, what is to adjusted (i.e. VAT Inputs or Outputs) and the taxable value. For a full list of posting slip fields, refer to the Posting Slip dialog box.

When posted, the appropriate VAT control account is adjusted.

Show me the posting slip:

Note

• Preset postings can be set up (by administrators) for this type of posting.