Understanding VAT Constants for Russia

You set up VAT constants to specify the AAIs that the system uses to process VAT. You set up these constants:

• AAI for Actual Vat Account

  Enter the prefix for the AAI used to write suspended VAT amounts to the Actual VAT account. The system appends the GL offset code associated with the first line in the Tax/Rate Area program (P4008) for a tax area to the prefix that you enter in the constant.

• AAI for Profit Loss Account

  Enter the prefix for the AAI used to write suspended VAT amounts to a profit and loss account.

• AAI for VAT Revenue Account

  Enter the AAI that the system uses to write amounts to the VAT Revenue account when you run the Sales Update program for Russian transactions.

See also:

• Setting Up AAIs for Russian Taxes.