Difference between revisions of "How do I Create a V.A.T. Only Transaction?"
From Catalyst
(New page: {{Review}} == Summary == The following article outlines How to reverse the vat portion of an invoice. This is useful in cases where a customer has been invoiced with VAT and should not h...) |
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{{Review}} | {{Review}} | ||
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== Summary == | == Summary == | ||
| − | + | The following article outlines how to reverse the V.A.T. portion of an invoice. This is useful in cases where a customer has been invoiced with V.A.T. and should not have been (e.g. if the item was exported but charged inclusive of V.A.T.) | |
| − | The following article outlines | ||
| − | This reversal is done through the | + | == More Information == |
| + | This reversal is done through the {{SL}} part of Platinum and is done as follows: | ||
| − | + | Go to "Sales Ledger" -> "Invoice/Credit Notes". | |
| − | *Set | + | *Set {{DataPrompt|Invoice/Credit:}} to {{DataValue|C}}. |
| − | *Enter the appropriate account | + | *Enter the appropriate account. |
| − | *Enter the sales centre of the original posting | + | *Enter the sales centre of the original posting. |
| − | *Press {{KeyPress|Enter}} to get the next credit note number | + | *Press {{KeyPress|Enter}} to get the next credit note number. |
| − | *Enter a relevant comment e.g. | + | *Enter a relevant comment e.g. {{DataValue|V.A.T. reversal}}. |
| − | *Press {{KeyPress|F5}} | + | *Press {{KeyPress|F5}}. |
| − | *In | + | *In {{DataPrompt|Product Description:}} enter a more detailed description that includes the original invoice no (e.g. {{DataValue|To reverse V.A.T. element of Invoice No. 12345}}). |
| − | *Press {{KeyPress|F5}} | + | *Press {{KeyPress|F5}}. |
| − | *Press {{KeyPress|F7}} to Edit Totals | + | *Press {{KeyPress|F7}} to Edit Totals. |
| − | * | + | *Press {{KeyPress|Down}} andenter the V.A.T. amount of the original invoice. |
| − | *Press {{KeyPress|F5}} to print the credit | + | *Press {{KeyPress|F5}} to print the credit. |
| − | *Click {{Button|Accept}} to complete the posting | + | *Click {{Button|Accept}} to complete the posting. |
| − | {{KB_Tags|vat, reversal }} | + | {{FAQ}}{{KB_Tags|vat, reversal}}{{KB_SL}}{{ZN_Admin}} |
| − | {{KB_SL | ||
Revision as of 13:16, 8 September 2008
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This article or section is under review. Be aware: Content may change as the document is reviewed. |
Summary
The following article outlines how to reverse the V.A.T. portion of an invoice. This is useful in cases where a customer has been invoiced with V.A.T. and should not have been (e.g. if the item was exported but charged inclusive of V.A.T.)
More Information
This reversal is done through the Sales Ledger part of Platinum and is done as follows:
Go to "Sales Ledger" -> "Invoice/Credit Notes".
- Set "Invoice/Credit:" to 'C'.
- Enter the appropriate account.
- Enter the sales centre of the original posting.
- Press <Enter> to get the next credit note number.
- Enter a relevant comment e.g. 'V.A.T. reversal'.
- Press <F5>.
- In "Product Description:" enter a more detailed description that includes the original invoice no (e.g. 'To reverse V.A.T. element of Invoice No. 12345').
- Press <F5>.
- Press <F7> to Edit Totals.
- Press <Down Arrow> andenter the V.A.T. amount of the original invoice.
- Press <F5> to print the credit.
- Click [Accept] to complete the posting.
