Home » Categories » Solutions by Business Process » Finance » Nominal and Cashbook |
VAT Form 100 - Process on Period Dates |
Article Number: 235 | Rating: Unrated | Last Updated: Mon, Jun 19, 2023 at 7:09 PM
|
Datafile Software VAT Form 100 - Process on Period Dates The VAT Form 100 can be configured to work on monthly or quarterly periods and processes based on the calendar – i.e. if monthly processes transactions from 01/01/2008 to 31/01/2008, if quarterly processes transactions from 01/01/2008 to 31/03/2008. However, agreements with the HMRC allow you to operate on your accounting period dates and, if these don’t use the usual monthly calendar then this would require postponing the posting of receipts / payments dated after the ‘period end’ until after the VAT Form 100 is produced. This new feature allows for the VAT Form 100 to process transactions using the Datafile accounting calendar period dates. Installation VAT TableWithin the Installation Utilities lock out the system
and then select the VAT Tables option.The new option to operate the VAT Form 100 on period dates is included
here. Maintain & Print VAT Form Values – primary parameter to enable the use of the VAT Form 100. Note this option is not applicable if using Cash Accounting. Monthly – set to operate on a monthly basis, if left blank then operates on a three-monthly basis. Period Basis – set to operate on a period basis. If monthly left blank then operates on a three-period basis, if set then operates on a one-period basis. Database ChangesWhen the VAT Form is processed and updated (i.e. closed for period) then the system records the period number it was processed against on the nominal transaction by updating the Vat Period field as MMYY. When operating on a period basis you need to change the VAT Period data item on the NLT to a Y (6) field from the existing Y (4) field. Controls & Audit Manager / Edit System Status DisplayWithin the Edit System Status Display the system holds
the VAT Period last processed. When
first enable processing on a period basis you need to update this setting to
confirm the period end date up to which the last VAT Form was processed. |
Attachments
There are no attachments for this article.
|
Cash Book Transactions - Cashbook
Viewed 1535 times since Thu, Jun 28, 2012
Journals - Cashbook
Viewed 1154 times since Wed, Jun 27, 2012
Account Audit Trail, Account Audit Trail (Currency) - Nominal
Viewed 1266 times since Wed, Jun 27, 2012
Year End Procedures - Nominal
Viewed 1293 times since Wed, Jun 27, 2012
Other Journal Options - Nominal
Viewed 1170 times since Wed, Jun 27, 2012
Unpresented Listing for Currency Bank Accounts
Viewed 1293 times since Fri, Oct 26, 2012
CASH – Maintain Bank Accounts - Nominal
Viewed 852 times since Wed, Jun 27, 2012
Select Key Definition - Cashbook
Viewed 1158 times since Thu, Jun 28, 2012
Audit Pointers - Nominal
Viewed 2341 times since Wed, Jun 27, 2012
Bank/Cash Statement - Cashbook
Viewed 1206 times since Wed, Jun 27, 2012
|