Setting Up Suspended VAT Functionality in Spain
Access the Functionalities By Country form.
- Country
Enter a user-defined code (00/LC) that identifies the identifies a localization country.
You can attach the country-specific functionality that is triggered based on this country code using the country server methodology in the base EnterpriseOne product.
- Functionality
Enter a user-defined code (00/FC) to specify the functionality to be enabled by the specified country. The value allowed to enable suspended VAT functionality is SUSPVATAP.
Access the Suspended VAT Setup By Country form.
- AAI Prefix for Final VAT Account
Enter a code that identifies the AAI item that the system concatenates with the Tax Area G/L Offset to locate the final VAT account. For example, if you have the G/L Offset XXXX and you enter PI as the value for prefix, the system searches for the AAI item PIXXXX.
- Reclassification Method
Enter a value to specify when the system reclassifies tax amount from the suspended VAT account to the final VAT account. Values are:
D (Draft): Reclassifies VAT during the payment post process except for drafts. Draft (P1) documents are reclassified when the draft is posted successfully.
M (Manual): Reclassifies VAT amount when you define it at an instance different from payment or draft posting moment.
P (Payment): Reclassifies VAT during the payment post process.