Manual Transaction: Transactions Tab

Field

Used to

Account

Set the bookkeeping account that initiates the entire transaction.

Kind of operation

Additional explanation that specifies the kind of operation, e.g. Inventory, Expense etc.

• The field is filled in automatically when you set the Account and is not available for customization.

Analytics

Specific instance that additionally explains the subject of the Account.

The field is completed in two steps: first, select the type of the transaction subject, for example, Item, and then the particular item, for example, Belt Conveyor.

VAT

Select a VAT rate at which the item is to be charged VAT. VAT rates displayed are filtered based on the specified VAT registration number that represents a country in which you have to charge VAT on the item. As a rule, it is a country where your company is based. 

• VAT rates are retrieved from the VAT rate directory. If you sell or purchase goods/services within the country of your registration (domestic supplies), the standard rate or the reduced rate is suggested automatically depending on the selected item. If your items are exempt from the VAT, the Exempt type is selected for them. If you sell or purchase goods/services in other EU and non-EU countries (intra-community supplies or export), the Export VAT rate is automatically selected. However, you can change any of the autocompleted rates if necessary.
• It is a required field. If you delete the autocompleted rate and do not select an alternative one, you will not be able to save the document.
• 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.... 

Currency

Select a currency in which prices of goods and services are set in the manual transaction. 

• The currency of the manual transaction is provided automatically once you select the item being retrieved from the item record created in the Item directory. You can change it if necessary. 
• It is a required field. If you delete the autocompleted currency and do not select an alternative one, you will not be able to save the document. 

Currency amount Dt

Debit amount of the transaction in the currency stated in the Currency field.

Currency amount Ct

Credit amount of the transaction in the currency stated in the Currency field.

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.