Manual Transaction: 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.