This report will list the details of each batch or journal for
each Tax code (VAT account) or a selected tax code in the following columns:
Date and Accounting Period - This is the date of the
transaction and the Tax period as entered in batches or journals or the
document date as selected on the Input - Documents menu option.
Reference Number - The reference number as entered in batches
or journals. This is the reference to the source document. In the case of
documents (Invoices, Credit Notes, Point-of-Sales Invoices, Purchase or Goods
Received Notes and Stock or Goods Returned Notes) it is the document number as
generated by TurboCASH.
Account - This is the selected Debtor Creditor or General
Exclusive Amount - This amount excludes any Tax or VAT.
Tax Amount - The amount of Output Tax payable and the amount
of Input Tax, which may be claimed.
You may generate a detailed transaction report in the Reports - General Ledger - Transactions report for the Tax accounts, which should balance with this VAT
The amounts which are displayed in <> indicates a credit
or negative figure. You may change this negative amount indicator to a minus
sign (-) to prefix your amounts or set it to display a D (for Debit) or a C (for
Credit) in the Setup - Preferences - Data Parameters