Process and close VAT periods

These instructions show you how to close the VAT period for the prepared period and after closing how to send the report to the authorities.

If you have selected and enabled the Multi-branch support check box in the Enable/disable functionalities (CS100000) window you have to close each company separately.

Note that as long as the financial periods within a closed VAT period are open, you still can post transactions including VAT in these financial periods. When the tax report is prepared and released for that period, transactions you enter in these periods come to the next VAT period.

Before you start

1. Go to the Process VAT report (TX502000) window, or you are navigated automatically by the system to this window.
2. Click Close period.
   
3. Click Send.
   Depending on the country and settings, you can now send the report electronically.
   
4. Your tax agency may now ask you for authentication: Enter all required access data and confirm the sending.
   In some countries, you have to upload the newly created file and send it directly to the tax authorities.

Note: You can also divide this process into two steps:

• First, Prepare VAT report for closing VAT periods and then you click Closed period in this window.
• At a later time, you send the VAT report to the tax authorities by re-entering this process in this window.