Pre-Payment Register - VAT Processing Information

If VAT processing is enabled in the General Ledger Installation screen, the following figures will include the VAT tax paid:

  • Invoice / Credit Amount

  • Previously Applied

  • Total Payment

  • Retention Paid

  • Report Summary Totals (at the end of the report):

  • Original Invoice/CM total selected for payment column includes total VAT

  • Less amounts previously paid includes VAT amounts already paid

  • Amount available for payment is a math calculation, like in past versions

  • Less amounts not currently being paid’ is a math calculation, like in past versions

  • Less discounts to be taken is not applicable for VAT

  • Invoice/CM to be automatically deselected’ includes VAT amounts, as selected for payment

  • Net payment includes VAT amounts to be paid