Prepare VAT History Report

1.   Enter the VAT History Report option on the Accounts Receivable Menu.  This causes the VAT Report Selection screen (CF320S01) to be displayed.

2.   Enter the processing option

1 - for VAT report only

2 - for VAT extraction

3 - for VAT report and extract

4 - for Justification report

5 - for Month end tax report

6 - for Year end tax report

7 - for Manually booked tax report

The extract option places VAT and GST accounting transactions into the VAT History File.  The VAT/GST Extract Report (AR550) lists the contents of the file.  The Justification Report (CF580A) lists fields from the VAT History File that indicate how VAT or GST were calculated for a document.  The Month End (CF590A) and Year End (CF610A) Tax reports identify the VAT or GST amount that was calculated for each document in the corresponding time period.  The Manually Booked Tax report (CF550C) prints all journal lines that were entered with a VAT account.  If there are any differences between booked VAT amounts and calculated VAT amounts, this report will explain those differences.

3.   Select a specific company/location for processing or leave company/location blank to process all company/locations.

4.   Enter the beginning and ending dates for the VAT reports.

5.   Enter the VAT source code and VAT code desired.  If left blank, all codes will be processed.

6.   Select the level of detail for reports

S - Summary

D - Detail

7.   Select whether the report will break by source or by VAT code.  Defaults to 'N'.

Y - Allow the report to break by VAT source

N - All the report to break by VAT code.  Totals by VAT rate within a VAT code will be printed.