Settings for Estonian VAT

Before you start using the Estonian VAT accounting you must configure some settings.

EDI Links

The EDI link Form KMD has to be created in the EDI Links procedure. Add a new row and give the format any optional name. Then select format group 222 and format number 223. Select a directory for the file and enter an optional name.

Settings

Deselect the setting Preliminary coding of invoices?, under Accounts payable under the Purchase tab in the Settings procedure.

Deselect the settings Integration basis with total for final coded supplier invoices? and Integration basis with total for customer invoices?, under Integration under the Accounting tab in the Settings procedure.

Update Supplier and Update Customer

Enter the supplier's corporate ID number under the Address/Terms tab in the Update Supplier procedure.

Enter the customer's corporate ID number under the Address/Terms tab in the Update Customer procedure.

VAT Codes

Enter the VAT codes you want to use in the VAT Codes procedure.

Chart of Accounts

In the Chart of Accounts procedure, you update all purchase and sales accounts with VAT codes. These VAT codes are then used to set a suggested VAT code on the transactions when coding in the Register Vouchers and Register Supplier Invoicer procedures. For the the link to the KMD report to work properly, you must enter the correct VAT row on each account.

Open the Print VAT Report procedure and select list type KMD. Click the Display list button to show all VAT rows.

Chart of Accounts / Standard Accounts

In the Chart of Accounts / Standard Accounts procedure you link VAT accounts to the correct VAT code depending on the VAT code and whether it is input or output VAT.