(Financial management > Settings > Accounting settings > Accounts used in default postings)
In order to handle purchase invoices from foreign vendors in Netvisor, the default accounts for purchases must be defined in the accounting settings.
In the default postings, accounts for community and non-community purchases (4110 and 4130) are defined, which are used as default accounts for vendors with a foreign country code, unless otherwise specified for the vendor. The numbering of accounts can be changed from the basic accounting information if necessary.
In the handling of a vendor's purchase invoice, the user selects the applicable VAT rate on the purchase invoice row, and the VAT identifier according to the country code is suggested for use on the row. Changing the account does not change the VAT identifier if it is a foreign country code. However, the user can change the VAT identifier on the row if needed.
If the vendor is from the EU, the system suggests the identifier EUOS EU purchase and records the VAT receivable and payable according to the VAT rate given on the invoice row. Thus, the actual purchase can be recorded on any accounting account.
If the vendor is outside the community, the system records the transaction with the identifier EUUO non-EU purchase at a 0% VAT rate, regardless of what the user may have entered as the VAT rate on the row.
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