openerp-expert-accounting team mailing list archive

[geoff.gardiner@xxxxxxxxx]

> is there no distinction in English ?
...
> Expense accounts VAT -> "IVA soportado" or "IVA deducible"
> Income accounts VAT -> "IVA devengado" or "IVA repercutido"
...
We in the UK have
- Input VAT for VAT on purchases
- Output VAT for VAT on sales.

We don't distinguish between refunds from original payments (in separate  
accounts), except for the sign of the transaction, AFAIK.

Regards, Geoff