Specifies what the VAT statement line will include.
You can use the VAT statement line to have either G/L entries, VAT entries, or rows totaled. You can also use individual VAT statement lines exclusively for texts.
As a default, newly set up VAT statement lines are assumed to be for totaled G/L entries, but you can change this.
Account Totaling means that the program totals G/L entries (not VAT entries). You can select Account Totaling on particular lines, for example, to add up energy taxes on the VAT statement. If you select this option, you must also fill in the Account Totaling field.
VAT Entry Totaling means that the program totals VAT using VAT entries. If you select this option, you must also fill in the Gen. Posting Type, VAT Bus. Posting Group, VAT Prod. Posting Group and Amount Type fields.
Row Totaling means that the program totals rows from the VAT statement. This means that you can use a VAT statement line to define totaling of other lines in the VAT statement. If you select this option, you must also fill in the Row Totaling field.
Description means that you can enter only text or symbols (for example, a dotted line) on the statement line.
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| You can select Account Totaling, if you do not want to create a VAT statement based on the VAT Entry table, but instead based exclusively on G/L entries. But if you want to fill out a complete VAT statement, including all the information needed by the customs and tax authorities, it is an advantage to use totaling of VAT entries for all calculations of purchase and sales VAT as well as for the extra information found in A, B and C at the bottom of the VAT statement. You supplement this with totaling of G/L entries for deductions of various taxes. |
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For more information about how to work with fields and columns, see Work with Data. For more information about how to find specific pages, see Search. |