Operations Menu - Purchase Invoice - Open Tax Matrix
In some countries,
Tax Templates are used instead of VAT Codes. VAT Codes should be used where each sales and purchase transaction (e.g. each row in a Purchase Invoice) is taxed at a single rate, while Tax Templates should be used where different taxes and/or several tax rates are applied to one transaction (e.g. to one row).
If you need to use Tax Templates, you should first choose the Use Tax Templates for Tax Calculation option in the Transaction Settings setting in the Nominal Ledger. This option will cause a Tax Template field ("T-Cd") to appear on flip A of the matrix instead of the VAT Code field ("V-Cd").
Because a particular Tax Template can include several tax rates, it can be difficult to see at a glance how the tax figure in a Purchase Invoice is calculated. Selecting this function will cause a new window to be opened, displaying the tax calculation, as follows:
- If you place the insertion point in a Purchase Invoice row, the function will display the tax calculation for that row.
- If you place the insertion point in a header field, the function will display the tax calculation for the Purchase Invoice as a whole. This is shown in the illustration below.
Selecting this function will have no effect if you are not using Tax Templates (i.e. you have not selected the Use Tax Templates for Tax Calculation option in the
Transaction Settings setting).
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