Deductible % Field, Gen. Jnl. Allocation Table

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Specifies the percentage of the transaction amount to which VAT is applied.

VAT can be fully or partially deductible, or non-deductible depending on the type of goods or services purchased.

Tip

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Parent Tables

Table Location
Gen. Jnl. Allocation Table General Ledger
Gen. Jnl. Allocation Table General Ledger

See Also

Other Resources

Set Up VAT
How to: Record VAT
Calc. and Post VAT Settlement