dynamiczip:faq:purchase_tax_accrual_debit_credit_faq
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| dynamiczip:faq:purchase_tax_accrual_debit_credit_faq [2015/03/05 20:31] – external edit 127.0.0.1 | dynamiczip:faq:purchase_tax_accrual_debit_credit_faq [2019/03/20 17:51] (current) – conni | ||
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| ====== Why does the use tax accrual distribution contain both a debit and a credit? ====== | ====== Why does the use tax accrual distribution contain both a debit and a credit? ====== | ||
| - | For invoices, the debit side of the accrual is based either on the Purchases account assigned to the vendor or the Tax account specified in Posting Account Setup for Purchasing, depending on your selection in the [[dynamiczip: | + | For invoices, the debit side of the accrual is based either on the Purchases account assigned to the vendor or the Tax account specified in Posting Account Setup for Purchasing, depending on your selection in the [[dynamiczip: |
| This feature enables you to accrue use tax on purchases whether or not the vendor is billing you for that tax. Use tax transaction history is created for reporting purposes along with the accrual via general ledger distributions that this feature automatically adds to the transactions standard distributions. | This feature enables you to accrue use tax on purchases whether or not the vendor is billing you for that tax. Use tax transaction history is created for reporting purposes along with the accrual via general ledger distributions that this feature automatically adds to the transactions standard distributions. | ||
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| - | [[dynamiczip: | + | [[dynamiczip: |
dynamiczip/faq/purchase_tax_accrual_debit_credit_faq.txt · Last modified: 2019/03/20 17:51 by conni