Calc. and Post VAT Settlement Batch Job
Closes open VAT entries and transfers purchase and sales VAT amounts to the VAT settlement account.
For every VAT posting group, the batch job finds all the VAT entries in the VAT Entry table that are included in the filters in the definition window.
When the VAT entries are closed, the Closed field in the VAT Entry table is marked. The entry number of the settlement entry that has closed the entry is inserted automatically in the Closed by Entry No. field. This happens only when the amount must be transferred between general ledger accounts.
When a VAT amount is transferred to the VAT settlement account, the account for purchase VAT is credited and the account for sales VAT is debited with the amount from the VAT statement period. The account numbers are found in the VAT Posting Setup table. The account for VAT settlement is credited with the net amount. If the purchase VAT amount is larger, it is debited.
You can use the batch job either to start the posting process or to print a test report.
The posted entries are assigned the dimensions from the general ledger accounts they are posted to.
Options
| Field | Description |
|---|---|
Starting Date |
Enter the first date in the period from which VAT entries are processed in the batch job. |
Ending Date |
Enter the last date in the period from which VAT entries are processed in the batch job. |
Posting Date |
Enter the date on which the transfer to the VAT account is posted. This field must be filled in. |
Document No. |
Enter a document number. This field must be filled in. |
Settlement Account |
Select the number of the VAT settlement account. Select the field to see the chart of account. This field must be filled in. |
Show VAT Entries |
Select if you want the report that is printed during the batch job to contain the individual VAT entries. If you do not choose to print the VAT entries, the settlement amount is shown only for each VAT posting group. |
Post |
Select if you want the program to post the transfer to the VAT settlement account automatically. If you do not choose to post the transfer, the batch job only prints a test report, and Test Report (not Posted) appears on the report. |
Show Amounts in Add. Reporting Currency |
Select if you want report amounts to be shown in the additional reporting currency. |
Tip
For more information on how to work with batch jobs, see How to: Run Batch Jobs and How to: Set Filters. For assistance in finding specific pages, see Search.
See Also
Other Resources
VAT Posting Setup
VAT Entry
Additional Reporting Currency
About Posting Groups