Page Comparison

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Running the VAT Statement Report

• Click

  on Search function

  on Search function, type VAT

  Statements and select 

  Statements and select VAT Statements: 

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• Select the report required from the list and click

  on 

  on Print 

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Before we start, make sure to click Show more.

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Populate fields required as follows: 

1. Set Starting Date and Ending date for the VAT Quarter required. Dates can be set from the calendar drop down option. 

2. Set

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1. 1st option for Include VAT Entries set as Open.  

2. Set

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1. 2nd option for Include VAT Entries as Within Period

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1.   

2. Switch on Round to Whole Numbers

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1.   (Optional)

2. The user has to the option to issue the report both in base currency (LCY) or Additional Reporting Currency (ACY). Switch on Show Amounts in Add. Reporting Currency to issue report in

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1. ACY 

2. Press Print to issue

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1. report 

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Running the Calc. and Post VAT Settlement Settlement 

• Click

  on 

  on Search

   function

   function, type VAT Calc. and

  select Calc.

  select Calculate and Post VAT Settlement 
  

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Populate fields required as follows: 

• Set Starting Date and Ending date for the VAT period required. Dates can be set from the calendar drop down option. 

• Posting Date should be set with the date when VAT return is due. 

• Document No. is user defined and shall be populated manually by the user.

• Set Settlement Account to 20670 (VAT Liability Account)

• Switch on Show VAT Entries

• Switch on Show Amounts in Add. Reporting Currency to issue report in ACY

•  

  Press

  Print

  Print to issue

  report 

  report 

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N.B. Post shall only be ticked and report re-run when VAT reports are analysed and approved. This process will transfer all VAT Entries for the period to the VAT Liability account.