About operations with VAT reports

You can create a VAT adjustment document manually to adjust the appropriate VAT and taxable amounts in the prepared VAT report.

In the Prepare VAT report (TX501000) window, click Adjust VAT, the VAT adjustments (TX301000)window opens or open the VAT adjustments (TX301000)window manually by clicking VAT adjustments in the navigation menu.

In the VAT adjustments (TX301000)window, in the Type field, you can select one the following types of the adjustment document to be created:

• Adjust output:
  With this type of the document, you can adjust the VAT and taxable amounts for the VAT, for which the Output reporting group is configured in the system (for example, the sales VAT).
  Once you have selected this type, you should select an appropriate VAT in the VAT ID field on the Documents details tab, and then enter the required amounts in the Taxable amount and VAT amount fields.
  You can enter either positive or negative amounts depending on whether you need to increase or reduce the corresponding VAT and taxable amounts in the VAT report.
• Adjust input:
  With this type, you can adjust the VAT and taxable amounts for the taxes, for which the Input reporting group is configured in the system (for example, VAT).
  Once you have selected this type, you should select an appropriate VAT in the VAT ID field on the Documents details tab, and then enter the required amounts in the Taxable amount and VAT amount fields.
  You can enter either positive or negative amounts depending on whether you need to increase or reduce the corresponding VAT and taxable amounts in the VAT report.

Once you create and save VAT adjustment documents, the system generates general ledger batch that updates a VAT payable (or VAT claimable) account and expense account assigned to the supplier (tax agency).
The values in the report lines change automatically.

You can void a prepared VAT report if there are new transactions in the selected reporting period that you want to add to the VAT report.
You void a VAT report by clicking Void report in the Process VAT report (TX502000) window.

When you do, the system changes the status for the corresponding reporting period from Prepared to Open, and opens the Prepare VAT report (TX501000) window, in which you can prepare another VAT report for the selected reporting period.

If your company consists of multiple branches, you void a VAT report for a selected branch only.
Then, you can release VAT reports for company branches and close the reporting period only when you prepare again the voided VAT report for a selected branch.

If you void a VAT report in the reporting period in which released VAT adjustments exist, these VAT adjustments will not be included in another VAT report that you will later prepare for this VAT period.
These VAT adjustments will only be included in the VAT report of the next VAT period.

You can view the VAT report of any tax agency for the specified closed or prepared VAT reporting period in the following ways:

• In the Process VAT report (TX502000) window. In this window, the VAT report is displayed in the table with the filled report lines.
• By running the VAT summary report in the VAT summary (TX62100S) window.
  In this window, the report lists the report lines and their respective amounts.
• By running the VAT details report in the VAT details (TX62051S) window.
  In this window, the report lists the report lines with the respective amounts and the reference numbers of the documents from which these amounts were taken.

You can view the documents whose amounts were accumulated in the VAT report by using the VAT report details (TX502010)window.
In this window, you need to select the tax agency for which the VAT report has been created, the required VAT reporting period, and any line of the VAT report for which you need to view the details.

After that, the list of documents meeting the selected criteria appears in the table.
To open the window that shows one of these documents, click the reference number of the document in the Ref. no. column.

In the Process VAT report (TX502000) window, you can view the details of different revisions of the VAT report that have been prepared for the same reporting period.