Viewing VAT calculation details

This page allows you to view the value added taxes calculated by the system when the repair invoice is created. You can view the VAT category, VAT class and the corresponding exchange rate and calculated VAT amount. The apportioned amounts of VAT for the document level TCDs and individual line items can also be viewed. The calculated VAT amount and the corrected amount can be viewed in the invoice currency and also in the base currency of the company.

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

The “VAT Calculation” page appears.

The system displays the following:

Invoice #	The number identifying the repair invoice.
Transaction Date	The date on which the repair invoice was raised.
Currency	The code identifying the currency in which the repair invoice has been raised.
Exchange Rate	The exchange rate of the base currency with respect to the transaction currency if they are different.
Finance Book	The code identifying the finance book in which the repair invoice details are to be posted.
Vatable Charge	The vatable portion of the document level vatable charges in the invoice.
Non Vatable Charge	The non-vatable portion of the document level non-vatable charges in the invoice.
Doc Level Discount	The document level discounts for the repair invoice.
Default VAT Category	The code identifying the VAT category.
Default VAT Class	The code identifying the VAT class.
VAT Inclusive	This box will appear checked if the item amount is inclusive of the VAT charged.
Retain Initial Distribution
of Doc Charges / Disc	This box will appear checked the initial distribution of document level TCDs for VAT computation is retained.
VAT #	The code identifying the VAT code.
VAT Amount per VAT #	The VAT amount that has been calculated for the individual VAT code within the whole invoice.
Total VAT Exclusive Amount	The total amount that does not include the VAT charges.
Total VAT Amount	The total amount that has been calculated as VAT.
Total VAT Inclusive Amount	The total amount that has VAT included in it.

The system displays the following in the “VAT Calculation” multiline:

VAT Line #	The line number identifying the VAT charge.
Ref Doc Line #	The number of the row in the invoice that contains the vatable item, tax or charge.
Part / T / C	Indicates whether “Part”, “Tax” or “Charge” is available in the row.
Part / T / C #	The code identifying the part, tax or charge that is vatable.
Variant #	The code identifying the variant of the part, tax or charge that is vatable.
VAT Category	The category to which the VAT belongs.
VAT Class	The class to which the VAT belongs.
Input VAT Deductible (%)	The percentage of input VAT that is deductible.
VAT #	The VAT code.
VAT Rate (%)	The percentage unit rate of the VAT that has been charged.
Part Amount	The amount of individual part for which an invoice has been created.
Vatable Part Charge	The invoice charges applicable on the individual part for which the VAT can be charged.
Non Vatable Part Charge	The invoice charges applicable on the individual part for which the VAT is not charged.
Vatable Distributed Charge	The vatable document level taxes and charges apportioned for the individual line item.

The system displays the following in the “VAT Calculation” multiline:

Part Level Discount	The discount applicable for the individual part.
Distributed Discount	The document level discount apportioned to the individual line item.
VAT Amount (Tran Currency)	The VAT amount in the currency in which the repair invoice has been created.
Corrected VAT Amount (Tran Currency)	The corrected VAT amount in the currency in which the repair invoice has been created.
VAT Amount (Base Currency)	The VAT amount in the base currency of the company.
Corrected VAT Amount (Base Currency)	The corrected VAT amount in the base currency of the company.
Description	The description of the VAT code.

To proceed, carry out the following

Select the “VAT Postings” link at the bottom of the page to view the VAT posting details.
Select the “Payment Information” link from the bottom of the page to view 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.