Add VAT items for an invoice

Add Value Added Tax (VAT) items according to the VAT rate related to an invoice item. When you use the Calculate VAT Items functionality, the following invoice items are created:

• For an invoice item of type Normal, an invoice item of type VAT is created.

• For an invoice item of type Balance, an invoice item of type Balance VAT is created.

Prerequisites

Before you begin, complete the following:

• For the invoice header, in the Invoice Header grid, in the General tab, ensure the value in the Status field is Created.

• Ensure the invoice contains atleast one invoice item of type Normal. For the invoice item, in the Invoice Item grid, in the General tab, ensure the value in the Type field is Normal.

To add VAT items for an invoice

1. Navigate to the s53000 Invoice Verification screen.

2. To refresh the screen, select the F5 key.

3. In the Invoice Header grid, select a row.

4. In the Invoice Item grid, select a row.

5. On the s53000 menu, in the Add Invoice Items group, select Calculate VAT Items.

   Note: If the VAT items already exist, a warning appears. Read the warning message, and then select Yes.

   In the Invoice Item grid, an invoice item is added with the value in the Type field as VAT or Balance VAT based on the selected invoice item.

6. In the Invoice Item grid, from the Cost Account dropdown, select the ID of the cost account for the VAT item.

7. To save the changes, on the Home menu, in the Record group, select Save.