VAT date in the Czech version
The VAT date is important for tax documents according to §28 of VAT Law 235/2004. The VAT date can be different from the posting date or the document date. The VAT date is an important field for the VAT reporting.
This feature focuses on improving the following aspects:
Setup of the VAT Date feature
- Enabling VAT date usage in the system generally.
- Select the system's default value for the VAT date in different areas (Posting Date or Document Date).
- Periods for reporting VAT and company accounting periods are often different. To allow users to seamlessly report and post VAT according to VAT periods, and to issue internal and other statutory reporting based on accounting periods, this VAT Date feature introduces VAT periods.
- Allow VAT Posting From/To – enter a date range in from/to fields to prevent mistakes of posting to closed accounting or VAT periods.
Posting sales, purchase, and service transactions with VAT date
To post transactions using a VAT date, the user must fill in the VAT Date field on the document headers and journal lines throughout the application. After the posting of the VAT date, it becomes a part of the posted documents and G/L entries and VAT entries.
Change Original Document VAT Date in VAT Entries
The functionality allows authorized users to edit the Original Document VAT Date field on posted VAT entries. When the date is changed, all related tables (for example, posted purchase invoice, credit memo, VAT entries, general journal, VAT control report) are updated accordingly. A confirmation dialog is displayed for changes that affect related entries. Additional validations prevent changes to closed entries, issued VAT control reports, or when the date conflicts with the VAT date. User setup is extended with the option “Allow Original VAT Date Change” on the user setup card.
Calculating and posting VAT settlement
The system filters VAT entries by the VAT Date field (instead of Posting Date) by selecting the VAT period and preparing a report showing which entries are transferred to the Settlement account. Printouts also contain VAT date information.