VAT Reports
The following VAT reports are available for the Israel Localization SuiteApp:
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Israeli VAT on Purchases (PCN 874): To use this report, define the tax periods, subsidiary, and accounting book. Reports should be generated on a monthly basis. Click refresh, and a list will be shown of all transactions which use the VAT on Purchases code.
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Israeli VAT on Sales: Lists all transactions which use the VAT on Sales code.
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Israeli VAT Summary and Report Generator: It is used to reconcile VAT on Sales, VAT on Purchases in the summary report and then to generate the ASCII File.