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Sales Advance Offset VAT Acc.
offset account for posting the VAT amount from the tax document for the received payment (debit side, e.g. 324)
Sales Advance VAT Account
account for posting the VAT amount from the tax invoice for the received payment (credit page, e.g. 343)
Deducted Sales Adjustment Account Basic. VAT (Sales Ded. VAT Base Adj. Acc.)
is used to post a VAT correction when deducting the advance payment on the final invoice
The account uses the extension features of the backup engine Adjust VAT by Adv. Payment Deduction
The feature is available on sales order and sales invoice
The function corrects the VAT base and amount of the final zero-amount invoice, including VAT, after deduction of prepayment invoices, so that the amounts match the deduction amounts. To correct the amounts, the VAT difference functionality is used and a new document line is created for base correction.
Purchase Prepayment VAT Settlement Account (Purch. Advance Offset VAT Acc.)
offset account for posting the VAT amount from the tax document for the sent payment (debit side, e.g. 314)
Purchase Prepayment VAT Account (Purch. Advance VAT Account)
account for posting the VAT amount from the tax document for the sent payment (credit page, e.g. 343)
Deducted Expense Adjustment Account Basic. VAT (Purch. Ded. VAT Base Adj. Acc.)
is used to post a VAT correction when deducting the advance payment on the final invoice
The account uses the extension features of the backup engine Adjust VAT by Adv. Payment Deduction
The feature is available on purchase order and purchase invoice
The function corrects the VAT base and amount of the final zero-amount invoice, including VAT, after deduction of prepayment invoices, so that the amounts match the deduction amounts. To correct the amounts, the VAT difference functionality is used and a new document line is created for base correction. This automatic function can only be used if the total amount including VAT of the final supply does not exceed the accuracy of rounding the amount of the local currency (in Czech legislation it is 0.01 or -0.01)
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Select the
and enter VAT Clause (VAT Clauses) and select the related link.On the page VAT Clause (VAT Clauses) to create a new row.
Afield Code (Code) to specify the identifier of the clause. Use this code to assign a clause to VAT posting groups.
Afield Description (Description) to enter the VAT exemption text that you want to appear in documents that can include VAT. Afield Description 2 (Description 2) to enter additional text if necessary. The text appears on new lines in the document.
Select the Description by document type.
On the Description by document type page, fill in the fields to set what text is displayed for the document type.
Optional: To assign a VAT clause to the VAT posting setup immediately, select Setup, and then select the clause. If you want to wait, you can assign the clause later on the VAT Posting Setup page.
Optional: To specify how to translate the sales tax clause, choose an action Překlady (Translation).
To assign a VAT clause to the VAT Posting Setup:
Select the
enter VAT Posting Setup and choose the related link.In the VAT Clause Code (VAT Clause Code) to select the clause to use for each VAT posting setup to which it applies.
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Select the
enter VAT Clauses and choose the related link.Select the Překlady (Translation).
Afield Language Code Select the language you want.
In the fields Description and Description 2, insert translations of descriptions. This text will appear on translated VAT documents.
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In the VAT posting setup, select Posting Group Combinations for purchases from the EU. You can also use these combinations for sales. You need to set up the fields on the Sales tab
to EU customer cards
VAT Bus. Posting Group(VAT Business Posting Group)
VAT Registration No. Customer.
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