Unreal. Rev. Charge (Purch.) Field, Tax Jurisdiction Table
Specifies the general ledger account you want to use for posting calculated unrealized reverse-charge tax on purchase transactions. Choose the field to see the chart of accounts.
The tax amount will be posted to the account for unrealized tax where it will remain until payment for the invoice is posted. At this time, it will be transferred to Reverse Charge (Purchases) account.
To use this feature, you must activate the Unrealized VAT field in the General Ledger Setup table.
Tip
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Parent Tables
| Table | Location |
|---|---|
| Tax Jurisdiction Table | General Ledger |
| Tax Jurisdiction Table | General Ledger |