Agreement

In this section, you will find settings that apply to agreements.

Use prefix for agreement

Here you can select if you want to use prefixes to manage different customer and supplier agreement numbers in the Register Agreement - Sales and Register Agreement - Purchase.

If you have activated this setting, different prefixes for agreement can be registered in the Order Types / Prefix procedure in the Global Settings module.

Code suspended output VAT when invoicing advance on customer agreements

Using this setting you can select whether or not the suspended output VAT should be recorded when invoicing advances on agreements. The coding of suspended VAT is determined by the accounts that are entered in the Chart of Accounts / Standard Accounts procedure. For the combination suspended VAT and accrual accounting of advance payments on customer agreements you will find Preliminary accrual account - Agreement in the Chart of Accounts / Standard Accounts procedure. On this account you record the invoice amount up until the invoice has been fully paid. This way the VAT report will coincide with the accounting. When the invoice is paid the recording will automatically be made from the preliminary accrual account to the accrual account that you have selected on your agreement. The suspended VAT will be recorded on the account for output VAT. In order for the VAT report to coincide with the accounting, you enter the same VAT row on the income account as on the accrual account. However, no VAT row shall be entered on the preliminary preliminary accrual account.

Code suspended input VAT when registering advance invoices on supplier agreements

Using this setting you can select whether or not the suspended input VAT should be coded when registering advance invoices on agreements. The coding of suspended VAT is determined by the accounts that are entered in the Chart of Accounts / Standard Accounts procedure.