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Vat on balance sheet shown as one figure

It appears that unless you run a vat report you cannot show the Vat liability as one figure on the balance sheet unless you journal the input, output and liability nominals into one. It shows input vat in current assets and output vat in current liabilities which is ridiculous. A balance sheet should have only one heading for vat. One cannot keep journalling them together when looking at balance sheet reports ad-hoc. 


  • Guest
  • May 15 2018
  • Acknowledged
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