Search HansaManuals.com HansaManuals Home >> Standard ERP >> Purchase Ledger >> Purchase Invoice Register Previous Next Entire Chapter in Printable Form Search This text refers to program version 8.1 Create Menu - Purchase Invoice - VAT Correction P/L This page describes the 'VAT Correction P/L' function on the Create menu in the Purchase Invoice record window. If you are using iOS or Android, the 'VAT Correction P/L' function is on the + menu. This function will only be included on the Create or + menus if the VAT Law in the Company Info setting in the System module is set to "Croatian", "Polish", "Russian", "Salvadorian", "Serbian", "Slovenian" or "Ukrainian".--- In some countries, once an Invoice has been posted to the Nominal Ledger, the posting to the Input VAT Account can be moved to a later month. This might be appropriate if the Invoice has been received before the goods have been delivered. This is known as a "VAT Correction" or "VAT Movement". This function provides an easy way of doing this. In order to be able to create VAT Corrections from Purchase Invoices, carry out the following configuration work:
The Transaction and Correction Dates default to the current date. Enter the new date for the VAT posting in the Trans. Date field in the header. The Correction Date is used in Ukraine only to record the date when the Correction was issued by the Supplier. Make any other changes that are necessary and, when you are sure the VAT Correction record is complete and correct, tick the OK box in the footer and save the record. The results in the Nominal Ledger will be twofold:
After you have marked the VAT Correction record as OK and saved, you will still be able to change the Transaction Date if necessary. To do this, open the record, choose 'Update Trans. Date' from the Operations menu and enter the new date in the Trans. Date field. You can also invalidate a VAT Correction record by selecting 'Invalidate' from the Record menu (which has a 'cog' icon if you are using iOS or Android). --- The Purchase Invoice register in Standard ERP:
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