How to mange taxes in journal entries, for entering expenses and incomes ?
Hi, Can any body assist on this ? need to take vat reports based on this
If you want to handle taxes manually via journal entries, you need to really know what you are doing, and the way you do it depends on the setup of your accounting structure. So it’s hard to help with this, especially because ERPNext has more interesting (automatic) features to treat taxes.
If you want to know how to handle vat with ERPNext, then you should first read the relevant sections of the documentation on how to set this up and try it out to see if you can get it working and how it fits your intended purpose.
I need to enter some expenses, which is having vat, also there is having income entries with vats. taxable income and expense entries.