Recognize Input VAT

Form ID: (TX503500)

You use this form to run the VAT recognition process for the Accounts Payable documents or payment applications that are subject to pending VAT.

In the selection area, you specify the criteria that the system uses to load documents or applications to the table. Then in the table, you select any number of documents or applications and initiate the VAT recognition process; alternatively, you can process all listed items. As a result of this process, the system creates the General Ledger transactions that move the suspended tax amounts from pending accounts (such as the Pending Tax Payable account) to the actual Tax Payable account. Also, the system includes tax information in the tax report of the appropriate tax period. For details, see Applying a Pending VAT: General Information.

Note: This form is available only if the VAT Reporting feature is enabled on the Enable/Disable Features (CS100000) form.

Form Toolbar

The form toolbar includes standard and form-specific buttons and commands. For the list of standard buttons, see Form Toolbar and More Menu. The form-specific commands are listed in the following table.


Button	Description
Process	Processes the items you have selected in the table.
Process All	Processes all items listed in the table.

Selection Area

You use the elements in this area to filter the items to be displayed in the table.


Element	Description
Date	The date that the system uses to load the documents or applications to the table. All documents or applications (depending on the option selected in the VAT Recognition Method box) with a date earlier than or the same as the specified date are loaded. By default, the current business date is specified. You can clear this box so that the documents or applications with any date are loaded to the form.
Branch	The branch from which the documents or applications originated. By default, the current branch is selected. If you leave this box empty, the documents or applications associated with any branch are loaded. This box is available only if the Multibranch Support feature is enabled in your system on the Enable/Disable Features (CS100000) form.
Tax Agency	The tax agency that is associated with the tax to be processed. The list of values is limited as follows: If a branch is selected in the Branch box, a vendor is listed (and available for selection) if the Restrict Visibility To box on the Financial tab of the Vendors (AP303000) form is empty or contains this branch or the company of this branch. If the Branch box is empty, a vendor is listed (and available for selection) if one of the following is true: The Restrict Visibility To box is empty for the vendor—that is, the vendor’s visibility is not restricted. A branch or company is specified in the Restrict Visibility To box for the vendor, and your user account is assigned to the role specified in the Access Role box of the Configuration Settings section of one of the following: the Branch Details tab of the Branches (CS102000) form for the branch, or the Company Details tab of the Companies (CS101500) form for the company. Note: These visibility restrictions are applicable only if the Customer and Vendor Visibility Restriction feature is enabled on the Enable/Disable Features (CS100000) form.
Tax ID	The identifier of the tax to be recognized. By default, the box is empty. If no tax code is specified, documents with any pending VAT linked to the selected tax agency will be processed.
VAT Recognition Method	The VAT recognition method to be used. The following options are available: On Payments: An option that indicates (if selected) that taxes will be recognized based on the payments applied to documents. With this option selected, an application or multiple applications will be loaded to the table. On Documents: An option that indicates (if selected) that taxes will be recognized based on taxable documents. With this option selected, payments are not considered. By default, the recognition method specified for the selected tax agency is used.
Total Tax Amount	The total tax amount to be recognized, which the system calculates as the sum of the tax amounts of the items selected for recognition.

Table

This table contains the documents or payment applications that are subject to pending VAT.

The table toolbar includes only standard buttons. For the list of standard buttons, see Table Toolbar.


Column	Description
Included	A check box that you select to include this document or application in processing.
Module	The name of the MYOB Advanced module in which the document or application has been processed.
Type	The type of the document or application.
Reference Nbr.	The reference number of the document or application. If you click this number, the document or application opens in a separate window.
Date	The date of the document or application.
Status	The status of the document or application.
Tax ID	The identifier of the tax that has been applied to the document or application.
Tax Rate	The rate of the tax.
Taxable Amount	The taxable amount of the document or application.
Tax Amount	The tax amount to be recognized for the document or application.
Tax Doc. Nbr	The number to be used in tax reports for the VAT recognition entry corresponding to this document or application. Depending on the Input Tax Entry Ref. Nbr option specified for the selected tax agency on the Tax Agency Setting tab of the Vendors (AP303000) form, either the system inserts the number of the document or payment in this box, or a user enters this number manually.
Tax Doc. Date	The date of the VAT recognition entry. By default, this is the document or application date.
Batch Number	The number of the General Ledger batch generated by the system once the VAT recognition process is completed.
Vendor	The vendor the document is associated with. This column is hidden by default.
Description	The description of the document. This column is hidden by default.