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Contents of the Print Sales/Value Added Tax Report Screen

Use the fields and options to configure the Print Sales/Value Added Tax Report screen.

Identification

Use the fields in this block to create a new parameter ID or to retrieve a previously saved parameter ID. A parameter ID represents a set of screen selection parameters. After you have saved a parameter ID and its related parameters, you can retrieve them using Query.

You can use the retrieved parameters to produce reports and run processes more efficiently and with greater consistency. The saved parameters are also useful and necessary when you want to run the process as part of a batch job. Many users save a unique set of parameters for each different way they run a report or process. When you select a previously saved parameter ID or parameter description, the associated saved screen selection parameters automatically display as selection defaults. The page setup and print options, if there are any, are also included in the saved parameter ID. You can change any of the associated selection defaults as necessary.

Field Description
Parameter ID

Enter, or click to select, a parameter ID of up to 15 alphanumeric characters. Choose characters for your parameter ID that help identify the type of selections you made on the screen, such as PERIOD or QUARTERLY.

When you save your record, all the selections made on the screen are stored with the parameter ID. Later, you can retrieve the parameter using Query.

You can use the parameter to run the process more efficiently because you can select the parameter ID with its previously defined screen selections. After the default selections display on the screen, you can override the defaults.

Description

Enter, or click to select, a parameter description of up to 30 alphanumeric characters.

Options

VAT Report Status

Field Description
Preliminary

Select this option to generate a preliminary Value Added Tax Report. We recommend that you generate and review a preliminary report before you produce the final report.

Note: Once you generate the final Value Added Tax Report, you cannot generate it again.
Final

Select this option to generate a final Value Added Tax Report.

Note: Once you generate the final Value Added Tax Report, you cannot generate it again.

Voucher Selection

Field Description
Check Date

Select this option to group the vouchers on the report by check date.

Entered Date

Select this option to group the vouchers on the report by the date on which they were entered.

VAT/Supplemental Reports

Supplemental reports display amounts in your company's functional currency.

Field Description
Print VAT Detail

Select this check box to print a supplemental report that displays the transactions used to calculate the line item values on the Value Added Tax report.

Print EU Sales List

Select this check box to print a sales list for use within the European Union (EU). This list displays the country code, customer VAT registration number, total value of supplies, and indicator, if applicable. Member states of the EU use this information to ensure that VAT has been properly accounted for.

Note: This report is only applies to invoices, sales orders, and bills in the EU.

Company Info

Field Description
Taxing Entity

Enter, or click to select, a valid taxing entity. You set up taxing entities on the Configure Company Information screen.

Tax ID

Enter the tax ID for the taxing entity. By default, this field displays the tax ID associated with the entity in Taxing Entity. You set up this association on the Configure Company Information screen.

Note: You can change the tax ID in this field because a company can have more than one tax ID for VAT purposes.
EU Country

You must select this check box if the taxing entity is an EU country.

VAT Adjustments

If the options in this group box apply, it is your responsibility to calculate and enter the correct amounts in these fields because Costpoint does not calculate them.

Field Description
Overclaim of input tax from previous returns

Enter the amount of excess input tax that your company overclaimed on previous returns. Costpoint subtracts this amount from the total recoverable VAT amount and then adds the VAT amount from bad debt to determine the net VAT.

Understatement of output tax on previous returns

Enter the amount of output tax that your company understated on previous returns. The net VAT amount equals this understatement amount plus the total VAT amount.

VAT/Bad Debt Determination

Field Description
Bad Debt Number of Days

This field displays the tardiness, in days, of bills and sales orders that have not been paid to your company on time. Costpoint uses the supply date, if available, or the invoice date to calculate the number of days.

Selection Ranges

VAT Report Period

Field Description
Start/End

Enter a starting date and ending date. The report includes all billing transactions with a supply date that is on or between these dates. If a transaction does not have a supply date, Costpoint uses the invoice date instead.

Generate the Value Added Tax Report

To generate the Value Added Tax Report, enter the report options that you want and then click Print Default Report on the Action menu.