Specifies special tables to manage the tasks necessary for settling Tax and reporting to the customs and tax authorities. You can use these tables to have the program:
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Calculate the Tax due for a period.
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Prepare and print the Tax statement, which can be copied directly to the giro form.
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Print a list of sales to EU countries/regions (on paper or to a diskette).
The program creates an entry in the Tax Entry table for each posted transaction that involves tax. These entries are used to calculate the tax that must be settled for a given period. When the calculation must be done, you use a VAT statement to specify how the VAT should be calculated.
You can create several different types of VAT statements in the VAT Statement Templates window if you need different forms. If you need different Tax statements based on the same template, you create different names in the Tax Statement Name window. The Tax statement itself is filled out in the Tax Statement Line window.
After you have defined a VAT statement, you can print it by clicking Actions, pointing to Functions, and then clicking Print. After you have printed and approved the Tax statement, you can run the Calc. and Post Tax Settlement batch job to close the open Tax entries and transfer purchase and sales Tax amounts to the Tax settlement account.