Understanding Debit and Credit Notes for Italian Tax Reporting
The additional information about credit and debit notes that you must report when reporting VAT transactions includes:
Total taxable amount.
Total related tax amount.
Total nontaxable amount.
Total exempt amount.
Total transactions with VAT (value-added tax) not included on the invoice or voucher.
When you enter credit or debit notes to amend invoices or vouchers in the JD Edwards EnterpriseOne systems, you must identify the invoice or voucher that you modify with the credit or debit note. Because the systems do not require that you associate an invoice or voucher to a credit note or debit note, you must manually create the association, or use a process that automatically associates a credit note to an invoice, as does the Credit Order From History program (P4210, version ZJDE0002). The JD Edwards EnterpriseOne systems include localizations for Italy that enable you to associate an invoice or voucher to a credit or debit note:
When the companies issuing the documents are different.
You set a processing option to enable or disable the ability to associate documents with different companies.
For documents that have different currencies.
When the documents are in different years.
You can associate invoices and vouchers to credit and debit notes from a different year in certain situations only.
For multiple transactions.
You can associate multiple invoices or vouchers to one credit or debit note, and can associate one invoice or voucher to multiple credit or debit notes.