Field help (CDARPCVAT)
Enter the VAT management type associated with the payment attribute. As a function of which, a VAT code will be/will not be entered in the payment lines and different VAT posting structures that will be generated on the posting of a payment.
The user can specify -during setup- wether the payment attribute manages the VTA or not. If it does manage the VAT, different VAT posting structures will be generated upon posting a payment:
- Pre-payment VAT1 (D) VAT Account VAT2 (C) VAT
- VAT Recept. or VAT/Expenses Line Account (C) X-VAT
(except for Bank <=> BP) Account VAT2 (D) VAT
The VAT accounts are defined from the VAT code indicated in the payment line and the associated accounting codes:
Accounts | Customer | Supplier (purchase) | Supplier (Assets) |
VAT1 | Reg. VAT collected | Reg. deductibe VAT | Reg. deductibe VAT |
VAT2 | VAT collected | deductible VAT for purchases | deductible VAT for assets |