Add a settlement account relationship journal

You add a new journal to the receiving, other administration. Profit records the settlement account entries for the part of the administration of the receiving side in this new journal.

The journal you select is always of the kind 'variable general'. You determine the setting of the Autom. calculate VAT amount field based on the settlement account type: used for purchase invoices or for bank entries.

Add a settlement account relationship journal for purchase invoices

You add a new journal to the receiving administration for entering purchase invoices. In case of a purchase invoice you enter the VAT in the main environment and the purchase and purchase costs in the subenvironment. For a correct settlement account relationship, you must select the Autom. calculate VAT amount check box.

To add a settlement account relationship journal for purchase invoices:

1. Go to: General / Administration / Open.
2. Open the receiving, other administration.
3. Go to: Financial / Ledger / Journal.
4. Click on: New.
5. Enter a value in Journal code.
6. Enter the description.
7. In Journal type, always select a journal of the variable general journal type.
8. For a correct settlement account relationship, select the Autom. calculate VAT amount check box.
9. Complete the remaining fields.
10. Click on: Next.
11. Select the entry layouts.
12. Click on: Finish.

Add a settlement account relationship journal for bank entries

You add a new journal to the receiving administration for bank entries. In case of a bank entry, you enter the amount (without VAT) in the main environment and the VAT and costs in the subenvironment. For a correct settlement account relationship, you must select the Autom. calculate VAT amount check box.

To add a settlement account relationship journal for bank entries:

1. Go to: General / Administration / Open.
2. Open the receiving, other administration.
3. Go to: Financial / Ledger / Journal.
4. Click on: New.
5. Enter a value in Journal code.
6. Enter the description.
7. In Journal type, always select a journal of the variable general journal type.
8. For a correct settlement account relationship, deselect the Autom. calculate VAT amount check box.
9. Complete the remaining fields.
10. Click on: Next.
11. Select the entry layouts.
12. Click on: Finish.