Posting VAT details during modification

This page allows you to view the posting information of the VAT calculated for a certain line number. The system retrieves and displays the VAT details of the selected line. You can modify the VAT amount in the base currency of the company. You can also modify the details pertaining to the cost center, the analysis code and the sub analysis code. The system also displays the total of the VAT amount that has been calculated and corrected. The system saves the modifications made to the posting information. This page also allows you to authorize the repair invoice. The system updates the status of the repair invoice as “Authorized” after the authorization has been made.

Select the “VAT Posting” link at the bottom of the “VAT Calculation” page.

The “VAT Postings” page appears.

The system displays the following:

Invoice #

The number identifying the repair invoice.

Enter the following field:

VAT Line #

Use the drop-down list box to select the number identifying line number for VAT computation. All the line numbers in which VAT charges are present are available for selection.

The system displays the following:

Part / TCD #	The code identifying the part, tax, charge or discount for which the repair invoice has been created.
Variant #	The code identifying the part, tax, charge or discount variant.
Description	A textual description of the part or the TCD codes.
	Zoom facility available
VAT Category	The code identifying the VAT category.
VAT Class	The code identifying the VAT class.
Part Amount	The amount of the part for which the repair invoice has been created.

The system displays the following in the “VAT Account Posting” multiline:

VAT Account Type	The type of the VAT account in which the amount is posted.
Account #	The code identifying the account in which the amount is posted.
Dr / Cr	Indicates whether the amount has been debited (“Dr”) or credited (“Cr”) in the account.
VAT Amount (Tran Currency)	The original VAT amount for the line in the invoice currency.
Corrected VAT Amount (Tran Currency)	The VAT amount for the line in the invoice currency after modifications has been made.
VAT Amount (Base Currency)	The original VAT amount for the line in the base currency of the company.

Modify the following fields in the “VAT Account Posting” multiline:

Corrected VAT Amount (Base Currency)	The VAT amount for the line in the base currency of the company (Decimal). Mandatory. The amount computed by the system will be displayed.
Cost Center	The code identifying the cost center that has been mapped to the “VAT Account” (Alphanumeric, 10). The cost center must have been defined in the “Cost Setup” business component.
	Help facility available
Analysis #	The analysis code to which the “VAT Account” is mapped to in the “Account Based Budgeting” business component (Alphanumeric, 5).
	Help facility available
Sub Analysis #	The sub analysis code to which the analysis code is mapped to in the “Account Based Budgeting” business component (Alphanumeric, 5).

The system displays the following:

Total Corrected VAT Amount	The sum total of all the VAT amounts that have been modified in the transaction currency
Total Calculated VAT Amount	The sum total of VAT amount that has been originally calculated by the system in the transaction currency.

Click the “Save” pushbutton to save the modifications made.

The system saves the modifications made.

Click the “Save and Authorize” pushbutton to save the modifications made and authorize the repair invoice.

The system saves the modifications made and updates the status of the repair invoice as “Authorized”.

To proceed, carry out the following

Select the “Payment Information” link from the bottom of the page to enter payment information details.
Select the “Invoice Summary” link from the bottom of the page to view invoice summary.
Select the “Accounting Information” link from the bottom of the page to view account posting details.
Select the “Attach Notes” link from the bottom of the page to record observations pertaining to the invoice.