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Before you can enter the company sales and purchasing documents, check that the VAT functionality is correctly configured.

1.

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Make sure  the VAT functionality is turned on

Where: Administration > Settings > General Settings

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If your company needs to include tax-exempt and standard-rated supplies in the same documents, select the  Advanced VAT Calculation check box. For more information on available options, refer to General Settings.

2. Types of taxes

Where: Taxes > See Also > Tax Types

Note that the list of taxes is predefined. By default, VAT is available on this list of taxes.

3. VAT rates

Where: Taxes > See Also > Tax Rates

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4. VAT settings for the Entities

Where: Accounting > Master Data > Entities

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For more information, see the Entities topic.

5. VAT settings for other companies (customers and suppliers)

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For each company that is a customer or supplier, check the VAT settings on the Tax Accounting tab:

  • The VAT Taxpayer check box is selected.
  • The tax registration number (TRN) for this company is specified
  • The Prices include VAT check box is selected.

For more information, see the Companies topic.

6. VAT Settings for Items and Services

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