Search HansaManuals.com HansaManuals Home >> Standard ERP >> Nominal Ledger >> Settings Previous Next Entire Chapter in Printable Form Search This text refers to program version 8.1 VAT Code on Transaction Rows The VAT Code on Transaction rows setting is one that you will only need to use if you are using Tax Templates.In the Nominal Ledger Transaction that is created when you mark an Invoice or Purchase Invoice as OK and save, the appropriate VAT Code will be copied to the V-Cd or T-Cd field in each Transaction row posting to a Sales or Cost Account. If you are using Tax Templates, there will usually be more than one VAT Code that can be copied in this way as a Tax Template can contain several VAT Codes. The VAT Code on Transaction rows setting allows you to specify which VAT Codes will be copied to the Transaction rows posting to Sales and Cost Accounts. For ease and flexibility in reporting, it is recommended that you choose the All VAT Codes option as shown in the illustration below. In particular, when defining a Key Financial Ratios or VAT report, the All VAT Codes option will allow you to use the VATRESULT and VATBALANCE commands with any VAT Code. In the resulting Nominal Ledger Transaction, the VAT Code that will be copied to the T-Cd field in the Transaction row posting to the Sales Account will depend on the option chosen in this setting as follows—
Settings in the Nominal Ledger:
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