Search HansaManuals.com HansaManuals Home >> Standard ERP >> Sales Ledger >> Invoice Register Previous Next Entire Chapter in Printable Form Search This text refers to program version 8.1 Create Menu - Invoice - VAT Correction S/L This page describes the 'VAT Correction S/L' function on the Create menu in the Invoice record window. If you are using iOS or Android, the 'VAT Correction S/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", "Serbian", "Slovenian" or "Ukrainian".--- In some countries, once an Invoice has been posted to the Nominal Ledger, the posting to the Output VAT Account can be moved to a later month. This might be appropriate if the Invoice has been raised 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 Invoices, carry out the following configuration work:
The Transaction Date on the 'Dates' card defaults to the current date. Enter the new date for the VAT posting in this field. 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 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 Invoice register in Standard ERP:
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