You set up a VAT clause to describe information about the type of VAT that is being applied. The information may be required by government regulation. After you set up a VAT clause, and associate it with a VAT posting setup, the VAT clause is displayed on all printed sales documents which have that VAT posting setup group, such as a sales invoice.
To set up VAT clause codes
In the Search box, enter VAT Clauses, and then choose the related link.
The VAT Clauses window opens. On a new line, in the Code field, enter a code for the clause. This code is used when you set up a VAT Posting group.
In the Description field, enter the text that you want to appear on VAT-related documents. In the Description 2 field, enter additional text, if it is needed. The text will be displayed on a new line.
On the Home tab, in the Process group, choose Setup.
In the VAT Posting Setup window, you can set up a new posting group. On the Home tab, choose New.
Complete the setup by filling in the fields on the setup card. In the VAT Clause Code field, select a code that you have set up. For more information, see How to: Create a VAT Combination Setup.
Choose the OK button.
To assign a VAT clause code to a posting group
In the Search box, enter VAT Posting Setup, and then choose the related link.
Select the posting setup that you want to modify, and on the Home tab, in the Manage group, choose Edit.
On the General FastTab, in the VAT Clause Code field, choose a code from the list.
Choose the OK button.
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For more information about how to work with fields and columns, see Work with Data. For more information about how to find specific pages, see Search. |