ALTUM

Adding VAT invoice element manually

The list of VAT invoice items is composed of the following columns:

      VAT Rate – tax rate selected for a given document. The rate must be first entered into the system

      Subtotal – invoice value before tax

      VAT Amount – tax value

      Total – invoice subtotal value increased by tax value

      Description – transaction description

      Currency – currency in which a given transaction was registered

      Account – account to which an invoice was registered

      In Tax Return – informs about the month of tax return in which the invoice was included

      VAT parameters panel

The values presented below are predefined:

o    Transaction Type

o    VAT Deductions

o    VAT-7  Declaration

o    Type

Figure 86 List of VAT invoice items for the first event.

To add an element to an invoice manually, follow these steps:

1. Step one

Select VAT rate for the element being added. The downwards arrow drops down the list of VAT rates defined in the system. Select one of them.

2. Step two

In the list, select subtotal value using the arrows.

VAT and total amounts will be calculated automatically by the system.

The currency of the element of the invoice being issued in the system currency will be automatically  recalculated into the system currency.

3. Step three

Select a subaccount in which the invoice will be saved.

4. Step four

Select the period of VAT declaration. The date can be entered manually or selected from the built-in calendar.

5. Step five

In column: Item you can enter the name of an item that must be added to the invoice

6. Step six

Quantity of the selected item is specified in column: Quantity.

7.    Step seven

In the following columns, it is possible to specify VAT parameters if they must be different from those determined on a document.

Upon adding all elements to the invoice, click [Save] the VAT Invoice menu. The invoice will appear in the list of VAT invoices.