VAT Register Class (74/01)

Set up register class codes to track and report VAT in a summarized format with the VAT Summary Report program (R74093). You relate the VAT register classes to register classes and document types in the Register Type and Class Setup program (P74091). For example, you might set up codes for these register classes:

• Purchases

• Correspondent

• No deduction

• Sales

• Split Payments

(Release 9.2 Update) Use the value 1 in the Special Handling Code field for the VAT Register Class records that the system must track but must not include in the calculations of the total VAT to Debit or Credit.

See also:

• Register Types

• R74093 - Print VAT Summary Reports