This section describes the specialized specific types of documents that are used in accounting for VAT.

With these Some of the VAT-related documents are created in other modules – where it is more convenient for users. For example, Tax Invoices, Tax Credit Notes are in Sales, while Tax Invoices Received, Tax Credit Notes Received  –  in Purchasing. Other documents, such as tax invoices, tax credit notes, output VAT transactions, tax invoices received, tax credit note received, input VAT transactions Output VAT Transactions, Input VAT Transactions, VAT Returns, Calculations of VAT Liability can be found in the Taxes module.

With all these documents, your company can correctly calculate the VAT amounts for sales and purchasing transactions and, if needed, adjust or correct the output the output and recoverable VAT and corresponding taxable amounts. If your company imports or exports the goods and services, you also can prepare the proper documents to comply with the FTA requirements.

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All the VAT-related documents will be retained in the database for the required number of years.

In this section