Understanding the VAT Accrual on Sales Program (R74R2018)

You run the VAT Accrual on Sales program to write the journal entries for accrued VAT when the sales recognition is postponed. When you run the program, the system:

• Selects lines from the F4211 table according to the processing option values.

• Uses the values in the F74R201 table to determine if the sales recognition for the transaction is concurrent or postponed.

  If the transaction has a sales order type/sales order line type combination that is set up to use the concurrent method, the system disregards the transaction.

• Verifies that the sales order line is invoiced.

  If the line is not invoiced, the system generates an error for the line. Errors messages appear in the Work Center.

• Uses the values in the Constants for Russian Localization (F74R020) table to determine the credit account and uses values in the Transit VAT Account Setup (F74R202) table to determine the debit account.

  If the system cannot find the account setup, it issues an error. Errors messages appear in the Work Center.

When you run the VAT Accrual on Sales program in final mode and there are no errors, the system:

• Generates G/L entries using the VAT amount calculated by the Invoice Print program and saved to the F702018 table.

• Updates the G/L Date and G/L Documents fields in the F702018 table.

  These dates are used in the Sales Book report.

• Updates the sales order line status according to the processing option values.