Prepare VAT report (TX501000)
If your company has multiple companies, you prepare a VAT report for each company. Once the VAT reports are prepared for all companies, you can release them in the Process VAT report (TX502000) window. If you have set the File VAT by branches for the company in the Organisations (CS101500) window, you have to prepare all branches before you can release the VAT report
The window toolbar
- Prepare VAT report
- Generates a VAT report for the selected tax agency for the specified reporting period, and generates the reporting periods for a new calendar year if there is at least one taxable document in this year.
- View VAT periods
- Directs you to the VAT periods (TX207000) window to view more details.
- Unreleased documents
- Generates a VAT report for all unreleased documents from the general ledger, supplier, customer, cash account, and inventory.
- Inquiries
Select one of the following inquiries windows from the button’s drop-down:
The top part
You use the elements in the area to select a branch (one of the consolidation branches), tax agency, and VAT period for which reporting lines will be displayed.
- Company
The company for which the report will be prepared.
Select the required company from the list. By default, the current company is selected.
This field is available only if the Multi-branch support check box is selected and enabled in the Enable/disable functionalities (CS100000) ../shared-files/cs100000-ref.html window.
- Branch
- If the setting File VAT by branches is set for the company, you have to select which branch to prepare.
- Tax agency
- The ID and name of the tax agency for which the VAT report is intended. In Visma Net, tax authorities are defined as suppliers. The suggested tax agency can be defined on the VAT information tab in the Organisations (CS101500) or Branches (CS102000) windows.
- Reporting period
- The reporting period (VAT period) you want to use.
- Status
- Informs the status of the report.
- From
- The start date of the chosen period.
- To
- The end date of the period you have selected.
- Exclude transactions from previous periods
- By selecting this check box you will exclude transactions from previous periods, and only process transactions from the selected period. This is used when you want to report the documents from previous period as a supplementary report. Select this when you prepare the period for the first time which will be Revision 1 and close this revision in the Process VAT report (TX502000). Then add the previous document to the same period, which will be revision 2 and which will include these as supplementary value.
The table
This table lists the reporting lines with the amounts for the period.
Select the Hide rows with no amount check box to display only rows with VAT transactions.
- Report line
- The report line defined for the tax agency report.
- Description
- The description of the report line.
- Amount
- The VAT amount accumulated for the report line.
- VAT box number
- This contains the code used in the electronic report to the government. Lines without a code will not be included in the report.
- From VAT period
- The first the VAT period to report from.
- Report line no.
- This is the line number that is created by the system.
- To VAT period
- The end of the VAT period to report from.
- Sort order
- Here you can enter a value that is used to sort the report lines in the windows Prepare VAT report (TX501000) and Process VAT report (TX502000).
- VAT zone ID
- This is used if the values should be used for only one VAT zone. It is not used in standard reports.
Related pages
Concepts
Tasks
- Prepare VAT report for closing VAT periods
- Reconcile VAT and the general ledger
- Prepare a supplementary year based VAT report
- Prepare a VAT report for an open reporting period
- Configure a VAT report