Set Up VAT Ledgers

VAT ledgers are used to store details about VAT in transactions that involve goods and services in Russia or goods imported into Russia. You can create and store different kinds of VAT ledgers. For example, you can create VAT ledgers for:

Sales to different groups of customers
Sales amount differences and prepayments
Purchases from different vendor groups

To use VAT ledgers, you must specify the relevant number series.

To set up VAT ledgers

Choose the icon, enter General Ledger Setup, and then choose the related link.

In the General Ledger Setup window, on the Numbering FastTab, fill in the fields as described in the following table.

Field	Description
VAT Purch. Ledger No. Series	Specifies the number series that you want to use for VAT ledgers for purchase documents.
VAT Sales Ledger No. Series	Specifies the number series that you want to use for VAT ledgers for sales documents.

You must ensure that vendor purchase documents cannot be posted without stating the invoice date and number.

Choose the icon, enter Vendor Posting Groups, and then choose the related link.
In the Vendor Posting Groups window, for the relevant posting groups, select the VAT Invoice Mandatory field.

Next, you must set up VAT posting. For each VAT posting setup you must specify if entries that use the setup must be included in VAT ledgers.
Choose the icon, enter VAT Posting Setup, and then choose the related link.

In the VAT Posting Setup window, for each VAT posting setup, fill in the fields as described in the following table.

Field	Description
Not Include into VAT Ledger	Specifies if entries that use the setup must be included in VAT ledgers. For more information, see Not Include into VAT Ledger.
VAT Exempt	Specifies if entries that use this posting setup are VAT exempt. For more information, see VAT Exempt.

Now, you can create VAT ledgers for purchases and sales.

Set Up VAT Ledgers

To set up VAT ledgers

See Also