Manual Transaction: VAT Tab

Use the VAT tab to specify transaction details in case transactions are connected with VAT payments.


Fields of VAT tab

Field

Used to

VAT rate

Displays VAT rate (in percentage) according to the chosen VAT type.

  • The field is unavailable if your company is not identified as a VAT payer by the system. For information how to set up your company as being registered for VAT and enable required VAT-related functionality,  see....

Base account

Set the bookkeeping account for VAT charge on goods that are involved in the manual transaction.

Account

Set the bookkeeping account that initiates the entire transaction.

Rate

Set the amount of VAT rate in percents.

Company

Provide the name of the partner company involved in VAT settlements.

Country

Provide the country that the partner company originates from.

Item

Select the item that is a subject of the VAT calculation.

Amount Dt

Debit amount of the transaction in the currency of the system, that is defined in My company settings.

Amount Ct

Credit amount of the transaction in the currency of the system, that is defined in My company settings.

Base amount Dt

Debit base amount of VAT calculation.

Base amount Ct

Credit base amount of VAT calculation.


More information

Manual Transaction
Create a New Manual Transaction Document
Manual Transaction: General Principals
Manual Transaction: General Area
Manual Transaction: Transactions Tab
Manual Transaction: Bank Accounts Tabs
Manual Transaction: Inventory Tab
Manual Transaction: Fixed Assets Tab
Manual Transaction: Fixed Asset Properties Tab
Manual Transaction: Vendor Liability Tab
Manual Transaction: Customer Liability Tab
Manual Transaction: Profitability Tab