Field help (VATSNS)
This field is only active for Detail VAT box types.
The values of the sign are -1 or 1. The sign is the multiplier sign used by all VAT declaration processes when extracting and storing amounts. Depending on its value, amounts are displayed with the sign expected for the VAT box.
The sign is initialized by default with the value 1.
To determine the final sign of the value, the four following elements are considered in the VAT declaration process:
- The sign of the entry line (-1 for credits, +1 for debits)
- The amount of the entry line (which may or may not have a + or - sign)
- The sign resulting from the allocation type linked to the account of the entry line.
When the Tax allocation field is set to Collected sales, Collected fixed assets, Company adjustment, or Collected G&S, the resulting value is -1.
When the Tax allocation field is set to Deductible sales, Deductible fixed assets, Deductible G&S, or State adjustment, the resulting value is 1. - The sign is specified in the setup of the VAT box.
The four + or - values are then multiplied to define the storage and display sign of the amount in the VAT preparatory report and in the VAT returns, when used.
Example:
Nature of the operation | Sign of the entry | Amount | Account allocation type | Sign of the box combination | Result in the preparatory report |
Sales account on sales invoice | -1 | 1000 | -1 | 1 | 1000 |
Sales account on sales credit memo | 1 | 200 | -1 | 1 | -200 |
Sales account on purchase invoice | 1 | 300 | -1 | 1 | 300 |
When Prepayment account is selected for the VAT management field in the Accounts functions (GESGAC), it contains an excluding tax amount. When running the VAT declaration processes, the excluding tax amount is deducted from the tax including amount of the line, with respect to the tax rate of the line tax code.