Prepare a VAT report for an open reporting period

You use the Prepare VAT report (TX501000) window to generate a VAT report for a specified tax agency.

1. Go to the Prepare VAT report (TX501000) window.
2. In the Branch field, select the branch on behalf of which the VAT report will be prepared.
   
   This field is available only if the Multi-branch support functionality is enabled in the Enable/disable functionalities (CS100000) window.
3. In the Tax agency ID field, select the tax agency account for which you prepare the VAT report.
4. In the Reporting period field, select the open VAT period you want to prepare the VAT report for. The previous reporting period should be closed.
   You can prepare a VAT report for a closed reporting period if the Update closed reporting periods check box is selected for a tax agency account.
   For details, see: Prepare VAT report for closing VAT periods.
5. In the window toolbar, click Prepare VAT report.

As a result of these steps, the system prepares the VAT report for the specified tax agency and automatically opens the Process VAT report (TX502000) window.

In this window, you can release the VAT report and close the reporting period.

Parent topic: About VAT report preparation