Understanding Journal Entry Processing for Taiwan

Your company might have tax-related transactions that can be entered as journal entries, including:

• Tax only adjustment transactions - output and input tax.

• Tax only transactions for import goods - input tax.

• Cash receipts - output tax.

• Cash vouchers - input tax.

These types of transactions can also be entered through the JD Edwards EnterpriseOne Accounts Payable or JD Edwards EnterpriseOne Accounts Receivable systems to supply the required GUI information for tax reporting. However, entering these transactions using the Journal Entries with VAT program (P09106) is simpler and faster.

When you create a journal entry using the Journal Entries with VAT program or the Journal Entry program (P0911), the system displays the GUI/VAT Multiple Transaction Revisions form. For sales (output tax) transactions, you use this form to enter information that is used to generate a government uniform invoice (GUI). For purchase (input tax) transactions, you use this form to enter information from the supplier's GUI, as well as information about the purchase. The GUI information is stored in the GUI/VAT Transaction Header table (F75T004) and the GUI/VAT Transaction Detail table (F75T005).

For sales returns and allowances, you must refer to the original GUI number. You can enter returns and allowances for different declaration periods or years, but the return or allowance must be for the same declaration site. You can also enter allowances for purchase transactions.

You can enter GUI transactions within these parameters:

• Transaction type must be:

  • SAL (sale)

  • PUR (purchase)

  • FSV (foreign service)

  • IGD (imported goods)

• GUI document type must be:

  • GUI (government uniform invoice)

  • SRC (sales receipt)

  • INV (invoice)

  • ALW (allowance)

  • VPD (VAT prepayment document)

  • IMP (import)

  • OTR (other)

• All transaction lines must be of the same tax types.

  For example, all lines must be taxable or all lines must be tax-exempt.