This tab contains general information about this cash payment with the Tax Payment transaction type: the entity, tax type, the document which is the basis for this payment, and other data which may depend on the configuration of your system.

If you are manually creating this payment, it is recommended that you first select Tax Payment in the Transaction Type field—this enables the fields appropriate for this transaction type.

The required fields are: Cash Flow Item, Amount, Entity, and Cash Account.

The "Cash Payment (create)" form. The Main tab

Make sure the Tax Type field shows the default value, VAT.

In the Type of Payment field, you can select one of the following types:

• Tax: To register a tax payment which was made to the Tax Authority.
• Penalties: To record the penalties paid to the Tax Authority.
• Interest: To record the interest paid to the Tax Authority.

<Auto> in the Number field indicates that a number to this document will be assigned automatically once you save the document. The From field is populated automatically with the current business date. You can select another date, if necessary.

In the Entity field, select an entity of your company for which this document is being prepared. The Entity field is available if the Multi-Company Accounting option is selected on: Administration > Settings> General Settings. You can select your personal default entity to appear in documents; for this, refer to Personal Settings. If you have not selected your default entity, the entity defined first will be used as the system default value.

In the Basis field, you can select as the basis a document of the VAT Liability type related to the period of the tax payment. Click the Fill by Basis button to populate the document fields with the data from the basis.

The Cash Account field shows the default cash account of the selected entity; however, if needed, you can select another cash account.

In the Amount field, specify the payment amount to be paid to the Tax Authority in the national currency.

The effective exchange rate for the currency with respect to the national currency is shown to the right of the field.

The toolbar buttons

After filling out the tab, click the Save button to save your work. After filling out all the tabs, click Post to post the document without closing it or Post and close to post and close the document.

For descriptions of other buttons, see Document Toolbar.