How to: Calculate VAT for Purchase Documents
You can calculate VAT for purchase orders and purchase invoices.
The following procedure describes how to calculate and post VAT for a purchase order, but the same steps also apply to a purchase invoice, sales order, and sales return order.
To calculate and post VAT for purchase orders
In the Search box, enter Purchase Orders, and then choose the related link.
On the Home tab, choose New.
On the General FastTab, fill in the required fields as described in the following table.
Field Description No.
The purchase invoice number.
Buy-from Vendor No.
The number of the vendor from whom the items are purchased.
Structure
The structure defined for the VAT calculation.
Posting Date
The purchase order posting date.
Document Date
The purchase order document date.
Vendor Invoice No.
The vendor invoice number.
On the Lines FastTab, fill in the required fields as described in the following table.
Field Description Type
Specify G/L Account to indicate that the account type is general ledger account.
No.
The general ledger account number with the tax group code in the G/L Account Card window. For more information, see G/L Account Card Window.
Location Code
The location code for the general ledger account.
Quantity
The number of items.
Direct Unit Cost Excl. VAT
The direct unit cost of the item. After you enter the amount in this field, the amount is updated in the Line Amount Excl. VAT field.
On the Shipping FastTab, in the Location Code field, select the location code where the items are to be shipped.
On the Actions tab, in the Functions group, choose Calculate Structure Values.
On the Navigate tab, in the Order group, choose Statistics to view the tax amount. For more information, see Purchase Order Statistics Window.
On the Actions tab, in the Posting group, choose Post.
In the dialog box, select one of the following options:
Receive
Invoice
Receive and Invoice
Choose the OK button.
See Also
Tasks
How to: Set Up VAT
How to: Set Up State Codes and Tax Identification Numbers for VAT
How to: Post VAT Transactions
Concepts
VAT Overview
VAT Opening Overview
Other Resources
Purchase Header Table
Posting Purchase Orders
Purchase Line Table
Purchase Order Window
Purch. Inv. Header Table
Purch. Inv. Line Table
Purchase Order Statistics Window
G/L Account Card Window