Work Flow - VAT Management

In the Register Invoices Directly procedure you can see to which VAT row the invoice row is linked.

Tips when checking VAT rows linked to invoice rows.

Annex 1-3 in the VAT Report

Annex 1-3 in the VAT report is based on the order rows on supplier invoices and customer invoices. If the transaction types A, V and T are linked to a purchase order, then MONITOR will calculate the VAT and display it in the VAT report. For customer invoices, the VAT is displayed for the transaction types A, V and T. Supplier invoices without a linked purchase order must be manually linked to an order to be displayed in one of the Annexes. Link a supplier invoice to a new order by clicking the button called Link several orders in the Register Purchase Order procedure (1).

The Register Supplier Invoice procedure.

Now the Order link tab opens. Click the button New order (2). Enter quantity, price, etc. on the new order row (3). Click the button Link (4). Now an invoice basis has been created.

The Order link tab.

For purchases made without a MONITOR purchase order with a specific tax code, you select tax code to the far right on the rows.

The Order link tab.

In Annex 1, the VAT type 4 (0%) is excluded for suppliers with Trade area set to Domestic. This way, the VAT type 4 can be used for import/export.
Annex 2 shows the VAT amount from the invoice header.
Currency code for Annex 2 is loaded from the suppler but it can be changed when registering the supplier invoice.
Sales within EU is not displayed in Annex 3.
Credit invoices are displayed with a negative amount in Annex 3. Transaction type 4 is displayed in Annex 3.

Advance Payments

Advance payments are handled as services. You can exclude advance payments from Annex 2 by selecting No under Update EC Sales List in the Update Services procedure.