This chapter contains this topic:
This chapter briefly describes the daily and periodic activities you must perform to process taxes correctly. The next 12 chapters describe the following:
A/P Voucher Entry. This chapter describes two A/P programs (Speed Voucher Entry and Standard Voucher Entry) that display tax information. When you enter vouchers, you can either enter the tax explanation code and tax rate/area for each voucher or, if you have set up this default information for your suppliers (as described in the chapter Default Codes/Rates), the system automatically displays this information.
A/R Invoice Entry. This chapter describes two A/R programs (Speed Invoice Entry and Standard Invoice Entry) that display tax information. When you enter invoices, you can either enter the tax explanation code and tax rate/area for each invoice or, if you have set up this default information for your customers (as described in the chapter Default Codes/Rates), the system automatically displays this information.
Purchase Order Entry. This chapter describes the following programs: Tax information fields for the supplier appear on the Enter Purchase Orders header program, tax information fields for items on the order appear on the Purchasing Information screen (accessed via the Purchase Order Detail program), and tax calculations for the entire order appear on the Summary Information program. When you enter purchase orders, you can either enter the tax explanation code and tax rate/area for each purchase order or, if you have set up this default information for your suppliers (as described in the chapter Default Codes/Rates), the system automatically displays this information.
The Match Voucher to Open Receipt screen also lists tax information.
Sales Order Entry. This chapter describes the following programs: Tax information fields for the customer appear on the Sales Order header program, tax information fields for items on the order appear on the Order Detail Information screen (accessed via the Sales Order Entry program), and tax calculations for the entire order appear on the Online Invoice program.
Journal Entry with VAT. This chapter describes the Journal Entry With VAT Tax program. It is a specialized version of the regular Journal Entries program and functions in a similar manner. The only tax you can enter with this program is VAT.
Posting Vouchers, Invoices, Purchase Orders, and Sales Orders. This chapter describes how to set processing options for posting A/P vouchers, A/R invoices, sales orders, and purchase orders. If you do not set processing options correctly, tax information will not appear in the Tax Work File (F0018) and your tax reports will be incomplete.
Entry and Post Examples for A/P, A/R, and Sales Orders. This chapter describes how the system calculates and posts tax amounts to the general ledger for each of the tax explanation codes.
Entry and Post Examples for Purchase Orders. This chapter describes how the system calculates and posts tax amounts to the general ledger for some commonly-used tax explanation codes. It shows both inventory and non-inventory examples.
Tax Work File. The tax reports list information contained in the Tax Work file (F0018). This chapter describes how A/P vouchers, A/R invoices, sales orders, purchase orders, and journal entries update the Tax Work file. It also describes how to correct and purge the Tax Work file.
European Union Activities. If your company operates in a European Union country, you must perform the activities described in the chapter Tax Work File and also those described in this chapter to generate the EU Intrastat Report.
Italian IVA Activities. If your company operates in Italy, you must perform the activities described in the chapter Tax Work File and also those described in this chapter to generate your annual IVA reports and/or tapes.
Japanese Consumption Tax Activities. If your company operates in Japan, you must perform the activities described in the Tax Work File and also those described in this chapter to generate consumption tax reports.
Date Translation Generation. You can store your reporting date in various formats.