Using Invoicing in the Philippines Localization SuiteApp
Complete these steps to start using the Philippines invoicing:
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Use Standard Philippines Forms that use Philippines PDF/HTML templates. You can use your own custom forms and then use or associate them with the PDF/HTML templates. See Standard Philippines Forms and PDF/HTML Templates.
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Map the forms, either Standard Philippines Forms or your custom forms, to corresponding Philippines Document Types. See Transaction Form Mapping.
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Set up the document numbering sequence for each document type. See Document Numbering in Philippines Localization.
You must complete the setup process to generate Philippines document numbering, otherwise a validation error may be encountered in using Philippines documents.
By using Philippines standard forms, document types, and PDF/HTML templates, VAT-registered payers can apply the following features on their transaction records:
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VAT-registered persons or businesses can print VAT invoice or VAT official receipt with their TIN indicated followed by the word "VAT".
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Every Philippines document will have a unique numbering sequence.
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For businesses with branch offices, each branch office engaged in VAT transactions can have their own numbering sequence, separate from that of the head office or other branches.
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The TIN is included on both invoices and receipts, with "VAT Reg." indicated.
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The value of VAT is indicated as a separate line item.
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If taxpayer has a zero-rated or VAT-exempt transaction, the words 'VAT Exempt Sale' or 'VAT Zero Rated' is prominently shown in the invoice or receipt.
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Taxpayers can show VAT, zero rated and non-VAT transactions in the same invoice or receipt, provided they can be separated.
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Customer information is printed on the VAT invoice, VAT official receipt or credit memo, regardless of the amount paid, invoiced or credited. There is an option to include or exclude VAT in printing transactions.
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Payments and credit application are included in Philippines documents. A Related Application Amounts table is displayed if a transaction has credits, deposits, or journals applied together with payment.