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Documentation > MAC-PAC Reference Library > Financials > Accounts Payable > Key Concepts and Procedures > Payment Processing > Sequential Fiscal Numbering of Payment Transactions

Sequential Fiscal Numbering of Payment Transactions

 If the fiscal numbering option is used in the system, a fiscal number is generated for payment transactions only if VAT is recalculated or if the VAT declaration point is at payment time.  If a fiscal number is assigned to the payment transaction, it is generated during the VAT extract process, not when the transaction is entered.