VAT Codes - Flip B
- Tax 1 %, Tax 1 A/C
- These two fields will be useful in situations where it is necessary to apply a second tax such as an environmental tax to Sales Invoices. The taxable percentage should be entered to the Tax 1 % field and the Account to be credited by the tax amount should be entered in the Tax 1 A/C field, using 'Paste Special' if necessary.
- The tax will be applied when entering Quotations, Orders and Invoices for Customers assigned a VAT Code record that has been defined as including the extra tax provision. The tax amount will be calculated from the transaction total including VAT, and will be shown in the Tax Sum field on the 'Del.' card of the Quotation and on the 'Del. Terms' card of the Order, and in the Ext. Tax field in the footer area of the Invoice.
- Real Sales
- Paste Special
Choices of possible entries
- The options attached to this field are used for specific reporting requirements as follows:
- -
- This option should be chosen when the VAT Code is to have no special properties.
- Exclude from Official Reports
- Choose this option if rows with this VAT Code in Invoices and Purchase Invoices are to be excluded from the VAT Customer Sales and VAT Supplier Purchases reports respectively. These reports are designed for use in Portugal.
- No VAT
- This option is used by the Sales Book and Purchase Book reports, designed for use in Russia. Please refer to your local Hansa representative for more information.
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Introduction to Settings in the Nominal Ledger
