Generation of Accounting Documents for Accrued Acquisition Taxes 

Use

Step 3 of Creation and Reversal of Acquisition Tax Accruals shows the following accounting document generated by the Create Acquisition Tax Accrual program:

The following documentation explains in detail how the program generates the document.

Features

The report generates a separate accounting document for each goods receipt, and takes into account the following:

·        Header data

It uses the header data, such as the accounting document type, the document date, and the posting date, that you enter in the selection screen.

·        Down payments

If you make a down payment, inclusive of VAT, for a purchase order, the system deducts the down payment amount from the total goods receipt amounts before calculating the accrual.

In Poland, you post down payments without VAT. Such down payments are not deducted from the goods receipt amount until the vendor sends you a tax invoice, inclusive of VAT, for the down payment.

·        Foreign currency amounts

If the goods receipt is in foreign currency, the report converts the foreign currency amounts into local currency using the exchange rate and date that you enter on the selection screen.

·        Tax codes

In Hungary and Poland, all of the items (except for the credit to the goods/invoices received account) are posted with the same tax code as the purchase order.

In the Czech Republic and Slovakia, the program substitutes the tax code used in the purchase order for a nondeductible one (see Tax Code Substitution).

·        Goods returns and reversals

The program generates takes into account goods returns, and other kinds of goods receipt reversals. For more information, see Goods Returns.