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Documentation > MAC-PAC Reference and Help > Reference File Categories > A/R VAT DEFAULTS

Function Select

RF307S01 - Function Select

WILLIAMS                       COMMON FEATURES                         2/01/92

 DSP01                    REFERENCE FILE CATEGORY 307           FUNCTION SELECT

                                                                                

                                                                               

                   Category Name        A/R VAT DEFAULTS                       

                                                                               

                                                                               

                                                 CO LOC                                 

                   Category Key         001CMD                                  

                                                  XXXXXX                                 

                                                                               

                                                                               

                   Request Code         2                                      

                                                                               

                                        1 - Add                                

                                        2 - Change                             

                                        3 - Delete                             

                                        4 - Inquire                            

                                                                               

                                                                               

                                                                               

 F2=Command          F3=Exit             F7=End Category     F8=Display List   

 F9=Inquiry                                                                    

                                                                               

 

 

The Accounts Receivable Defaults category defines default values for parameters used in the Purchasing and Accounts Receivable modules.  This is a required category for VAT environments.  Note that a separate set of defaults is defined for each company/location.

COMPANY

Required.  Positions 1-3 identify the company for which the defaults will be defined.  This company must exist on Reference File category 002.

LOCATION

Required.  Positions 4-6 identify the location for which the defaults will be defined.  The company/location combination must exist on Reference File category 002.

Detail

RF307S02 - Detail

WILLIAMS                       COMMON FEATURES                         2/01/92

 DSP01                    REFERENCE FILE CATEGORY 307                    CHANGE

                                                                                

                   Category Name        A/R VAT DEFAULTS                       

                                                                               

                                                  CO LOC                                 

                   Category Key         001CMD                                 

                                                                               

                                                                                

                MAX AMOUNT VAT INCL        WRITE-OFF VAT CORRECTION                

       Data 1232111111012                         N                            

                NNNNNNNNNNNDD                 Y                            

                                                                               

            CLEAR SUSPENSION VAT CODE                                          

       Data           N                                                        

                          Y                                                        

                                                                               

                                                                               

       Data                                                                    

                                                                               

                                                                               

 F2=Command          F3=Exit             F9=Inquiry          F10=Function Select

 F12=Lower Case      F15=Rekey Data                                            

                                                                               

 

 

This screen allows you to enter default values to be used when processing the company/location indicated on the select screen.

MAXIMUM AMOUNT VAT INCLUDED

Optional.  This field only applies in VAT environments when VAT is included in the price of the item.  In these situations, the VAT total will not be shown on a separate invoice line as long as the total invoice amount is less than the value in this field.  As long at the total is below the limit, the message 'VAT Included' will be printed on the invoice.

WRITE-OFF VAT CORRECTION

Required.  This flag indicates whether the system will automatically generate a journal entry to correct the VAT account in case of a write-off.  Valid values are:

Y - Yes, reverse VAT associated with the write-off

N - No, do not post a VAT reversal entry

CLEAR SUSPENSION VAT CODE FLAG

Required.  If VAT is suspended for a customer, MAC-PAC uses the suspended VAT code defined on the Customer Master File as a default in Order Processing.  This flag determines whether that VAT code should be set to blanks when the suspension limit (either the date limit or the amount limit) is reached.  For information on what default VAT code will be used if the VAT code is set to blanks, refer to the Common Features User Manual.  Valid values for this field are:

Y - Yes, clear the default VAT code

N - No, continue to use the default VAT code on the Customer Master File