Credit account with VAT/Sales tax and not in basic currency

Cause

In multi-currency accounting, the VAT breakdown requires that the account be in basic currency, as well as all the accounts from the Profit and loss statement.

Solution

Check that the VAT account in the Accounts table is denominated in the basic currency (i.e. the one where your activity is legally based and fiscally liable).

For further information please refer to The multi-currency chart of accounts page.

 

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