When we purchasing a Fixed Assets there will be FA Value and Taxes.
I have a Purchase Invoice with 3 lines as mentioned below.
FA Value 1000
Inv Value 1144
I want to make total amount to the Fixed Asset Acquisition Cost (1144/-).
Is there a way to do above with one purchase invoice?
You can use VAT setup to add the vat in the invoice.
Depends on tax accounting regulations in your country. If VAT must first hit the regular purchase VAT accounts, and only afterwards the non-redeemable part (in this particular case it’s 100%, but can be partial, too) must be posted to special account, then VAT Setup won’t do the job, the last transaction must be entered thru Journal.