glidor@gmail.com
21068 Points
Joined January 2010
u can make 1000 entries vat payable, vat accured, vat receivable, and blah blah blah for more complicated accounting method :)
vat payable is null always with payment except in march when payment in cash effects in april , thats also reflected in vat paid and ..............journal to ...............sundry creditors for expenses / other liabilities . so no use to make 100 ledgers :)