Cause
Transactions in multi-currency accounting with net tax VAT code, are only possible in the basic currency. If a net VAT tax code is applied to an amount in foreign currency, differences will be generated.
Solutions
If there is an amount in a foreign currency, we suggest the following options to avoid any problems:
- Enter a amount, enter in VAT code for net amount in the respective column and press F6, whilst positioned in that same cell. This will automatically add the VAT amount to the net amount entered.
- Alternatively, enter the transaction in the basic accounting currency on an internal transfer account denominated in the basic currency, without using any VAT codes. Insert the VAT code in the subsequent transaction, the internal transfer account and the amount calculated in the basic currency in the first transaction.