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The report lists the accounts for which you recorded either a payment or receipt of value-added tax, the value-added tax amount, the tax code you used to classify the type of tax paid or collected, and descriptive information about the invoice which included value-added tax. You can request a tax report for any combination of tax code, accounting period and currency you want.

See Also

Parameters

Period: Choose any accounting period in your calendar.

Currency: Choose any currency you have defined and used to record value-added tax transactions. If you choose a foreign currency, General Ledger prints tax information for journals entered in the currency that you choose.

Tax Code: Choose any tax code you have defined.

Selected Headings

Invoice Number: name of the source document or invoice so you can identify the transactions involving value-added tax. General Ledger prints reference information here only if you populated the Value-Added Tax descriptive flexfield when you entered the journal line for this transaction. You can use this information to enhance your audit trail and to find tax-related source documents more easily.

Receipt Amount: amount of tax you collected for this transaction. This collected amount corresponds to the debit amount you entered in the tax journal line affecting the account listed for this transaction.

Payment Amount: amount of tax you paid for this transaction. This paid amount corresponds to the credit amount you entered in the tax journal line affecting the account listed for this transaction.

Invoice Amount: net invoice amount that relates to the tax amount you recorded for this transaction. The net invoice amount is the gross invoice amount plus or minus the amount of tax paid or collected. You enter this net invoice amount in the Value-Added Tax descriptive flexfield once you indicate that your journal line is a tax line.