This enhancement allows user to create a Use Tax code that posts to an account other than an expense or liability account. So changes was made on tax component form where ability to select any account when setting up a Use Tax code is added.
Tax Components [Purchasing] form can be opened from Purchases > Tax Codes [Purchasing] form then click on Tax Components button.
Tax Components [Purchasing] form will then open where you can add new Use Tax component. When setting up Use Tax component, Use Tax checkbox should be checked to enable Liability account field.
On the Expense account field, you can choose any account to be used in place of Expense account.
Note that Cash Accounts, Credit Card, Payables and Receivable Accounts are not included in the Expense account drop down list because these accounts are involved in the special books.
When used in purchasing transaction, the selected account will be impacted instead of Expense account.
Example:
Create Purchase Receipt and apply the created Use Tax above where Asset account is used as Expense account.
Process it to Bill and Post.
Checking the General Ledger form, Expense account for Use Tax is now impacted on GL as Asset account.
Reference: Task 1733