This report lists the transactions used in calculating the figures shown in the VAT Report. For each transaction, the total including and excluding VAT, the VAT total and the overall VAT percentage are shown.

This report is compiled from the Sub System records (e.g. Invoices, Purchase Invoices) that are liable for VAT. The VAT Report is compiled from the Nominal Ledger postings to the VAT Accounts. If there is a difference between the two reports, one possible reason is that the connection between a Sub System record and its related Nominal Ledger Transaction is not correct. Perhaps the Nominal Ledger Transaction does not exist at all, or perhaps it has been subject to a Correction Mark or Update Mark. It might be that the VAT Code in a Transaction row posting to a Sales or Purchase/Cost Account is incorrect or missing, in which case that row will not be included in the figure calculated by the VATRESULT or VATBALANCE commands in the VAT Report.

Period: Paste Special Reporting Periods setting, System module; Enter the period for which you want to print the report in the format "1/1/11:31/12/11". If you are using four-digit years as in the illustration, the leading digits will be inserted automatically. If your report period is a single day, simply enter the date once and this will be converted to a period format automatically. The first period in the Reporting Periods setting is the default value.
Specify: You can choose to have Sales Invoices, Purchase Invoices and/or Nominal Ledger Transactions listed in the report. You must choose at least one section or the report will be blank. For each section, the list of transactions will be followed by a list of VAT Codes used by those transactions, together with totals.
Select: The report can show all Transactions or just those without VAT.

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