Use

You can use the Transfer Deferred Tax program to enter tax invoices for a single vendor item from an invoice containing multiple vendor items, for example, if an invoice represents a series of installment payments (see Terms of Payment for Installment Payments (Accounts Payable) . If you pay one of the items and the vendor sends you a tax invoice in return, you can then transfer the tax for that item.

Activities

Run the Transfer Deferred Tax program as normal. The invoices are shown in the list, but marked . The payments that you have made are listed below the invoices.

Enter the tax invoice information as normal. The system transfers the proportionate amount of tax from the deferred tax account to the input tax account.

Repeat this procedure for each tax invoice you receive. The only difference is that when you come to enter the last tax invoice, the invoice is marked .

Example

A vendor sends you an invoice for services rendered, to be paid in three separate installments. You enter the invoice in the system, with a separate vendor item for each of the installments. The system creates the following accounting document:

When the first installment is due, you pay it as follows:

When the vendor receives notification of your payment, it sends you a tax invoice for the THB 17,600. You enter the tax invoice details in the system, using the Transfer Deferred Tax program, and the system creates an accounting document to transfer the appropriate amount of tax to the regular input tax account: