Hi,
We are in the the process of setting up Advanced Billing, I have to whole process working as it should apart from the VAT not posting out of the deferred account when the shipment is invoiced this is after all cash has been received.
All the Cash receipts work as they should it is just the VAT that remains in the Deferred account, I am unsure if this should journal out or automatically post when the shipment is invoiced.
The Deferred Account is linked the the GL VAT Account, the same way the Deferred Account is linked to the AR Accounts.
If anyone could offer some direction it would be appreciated.
Steven Martin