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This text refers to program version 8.1  

Operations Menu - Receipt - Open Tax Matrix

This page describes the 'Open Tax Matrix' function on the Operations menu in the Receipt record window. If you are using iOS or Android, the 'Open Tax Matrix' function is on the Tools menu (with 'wrench' icon).

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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 an 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 E of the matrix in a Receipt record instead of the VAT Code field ("V-Cd").

If you are using Tax Templates and you are also using the Post Receipt VAT option in the Account Usage S/L setting, your output sales tax liability will be calculated from your Receipts, not from your Invoices. In this case, the Tax Template Code and tax value (in the Bank Currency) will be brought in to the T-Cd and VAT Value fields on flip E of a Receipt row automatically when you enter an Invoice Number on flip A. Separate rows will be added to the Receipt for each Tax Template Code used in the Invoice.

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 Receipt is calculated. If you need to see how a tax figure in a particular Receipt row is calculated, place the insertion point in the row in question and then select 'Open Tax Matrix' from the Operations menu. A new window will open, displaying the tax calculation for that row. The illustration below shows the tax calculation for the first row in a Receipt:

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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The Receipt register in Standard ERP:

• Introduction
  

• Entering a Receipt
  

• Receipts in Currency
  

• Checking Receipts, Marking as OK and Posting to the Nominal Ledger
  

• Nominal Ledger Transactions from Receipts
  

• Prepayments and On Account Receipts
  

• Correcting Mistakes in Receipts
  

• Withholding Taxes in the Sales Ledger
  

• Operations menu, including:
  
  • OK
    

  • Export Direct Debit
    

  • Check Receipt Amounts
    

  • Open NL Transaction
    

  • Open Tax Matrix
    

  • Bank Statement
    

  • Print Cash IN-OUT
  
  
• Create menu
  

• Row menu

Go back to:

• Home page for Sales Ledger manual
  

• Home page for Standard ERP manual

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