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Use this field to associate tax codes with on-account receipts. There are three general types of on-account receipts:
Amount not applied to an existing invoice, for example, unposted QuickCash batches or receipt not yet applied to an invoice
Deposits for future invoices with zero-rate VAT, for example,
non-domestic
Deposits for domestic invoices in future periods
To calculate VAT at period end, identify on-account receipts for invoices in future periods and assign a tax code to them. The VAT for On-Account Receipts report calculates the VAT amount.
See VAT for On-Account Receipts Report for more information.
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