When users create sales orders and purchase orders, either manually or via EDI, estimated input and output VAT amounts are calculated and displayed in Order Entry and Purchase Order Maintenance. Actual VAT amounts are calculated only when a customer invoice is created or when a purchase order is received.
Note Before you can track VAT in Apprise, you must set up the system for VAT. For more information, see Setting Up VAT.
VAT Inquiry and VAT Report enable you to keep track of the total amounts of input and output VAT and the underlying transactions. You can use these amounts to fill out government tax forms and you can use the total posted amounts to reconcile with your general ledger accounts.
If your business includes VAT in the EU, you can also use EC Sales List to output a report of all necessary VAT information for the VAT Information Exchange System (VIES).