Intercompany Reconciliation - VAT issue

Hi
I have a question regarding the handling of VAT whitin the IC reconciliation: one company in our enterprise does post the revenue excluding the VAT, the other company posts the cost with VAT. Where do I put the VAT-account (in which Set). How can the total VAT-account be split up for the relevant documents?
Can someone help me with this?
Kind regards,
Isabelle

Hi Ralph
Thank you very much for your answer.
Following a posting example:
Company A
Debtor acct.#12345   -    Sales Revenue acct.# 764321    CHF 1'000
                                    VAT acct. #212000                    CHF     76
Company B
COGS acct.# 342009   -   Creditor acct. #234234                 CHF 1'076
I have defined a Set for the IC reconciliation which says:
RACCT COGS   vs RACCT Sales Revenue
In the Group "Expenses" I have defined the expense account #342009 and in the "Group" Revenue I have defined the sales revenue acct. #764321 and the VAT acct. #212000. Otherwise I wouldn't see the VAT amount in this Group.
Then I have another Set which says:
RACCT Financial expenses   vs   RACCT Financial revenue
In the Group "Financial expenses" I have defined an expense account. In the group "Financial revenue" I have defined an revenue account AND the VAT account #212000, because the posting can be the same as mentioned above.
Now when I want to see the details of the Set RACCT COGS vs RACCT Sales Revenue, the Set Sales Revenue includes all VAT-amounts, also the ones which would belong to the Set "Financial revenue". On the other hand, when I select the set "Financial Revenue" for details, it shows me also the VAT-amounts which would belong to set "Sales Revenue".
I hope you understand my example... Otherwise please tell me then I will try it in other words :-).
Kind regards,
Isabelle

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Edited by: Alix Piot on Jan 29, 2009 4:32 PM

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