fields in G/L setup

Business Central/NAV User Forum
1

hi to everyone…

in g/l setup there is a field " Unrealized VAT "…m not unable to understand wat are the accounts effected when i checkmark this field so can u explain about this…and also there is also another field called " VAT Exchange Rate Adjustment " can u explain about each option of this field…ur reply wuld be appreciable…

2

Hi

Do you use unrealised VAT? This is where VAT that is calculated but not due until the invoice is paid, if not do not worry about it, if you do you will need to activate it and set up the system appropriately.