Solution Properties
Solution ID:
200427112205649
Last Modified Date:
Mon Jan 31 10:34:22 UTC 2022
Taxonomy Path:
Case category//How do I...//governmental/legislative compliance
Author:
[email protected]
VAT Return reports
Description

When working with your VAT Return there are some great reports you can run to view your figures in different levels of detail.

NOTE: Before you can print any reports, you need to create a new VAT return and calculate the figures. If you're not sure how to do this don't worry!  We've a great guide that can take you through it.  Find out more >

How do I print the reports?

  1. Click VAT then click VAT Return.
  2. Enter the Date range for the period you are reporting for, then click Calculate VAT Return.

    If there are any transactions dated before the date range which haven't been reconciled, either click Include or Ignore, depending whether you wanted them included or not.

  3. To find the VAT reports, click Print VAT Return from the Reports section:



    This shows a window prompting you to select which reports you'd like to run and how you want to show them.

  4. Select the box next to each report, then select the best output option.

    TIP: To save you time, you can choose to run more than one report at once.



    For example, in the image above we're choosing to preview the VAT return report and Detailed report.

  5. Click Run to generate your report(s).

The reports

Now that we know how to run the reports, let's take a look at what each one does.

VAT Return

This report prints a copy of your VAT Return.  It shows each box and what the total values are.  This is ideal if you'd like to keep a paper or digital version of the VAT return outside your software.

 

Summary

This report shows a breakdown of each box on the VAT Return, separated by tax code and transaction type.

It is easy to see, at a glance, what transaction types and tax codes are making up the figure in each box of the VAT Return.

For example, you might want to check how much of box 1 is made up of T1 sales invoices.

 

Detailed

This report goes one step further and shows you all of the individual transactions that make up each box and tax code.

For example you might want to check if a particular transaction has been included in the VAT return or not.

 

Adjustments

This report shows the manual adjustments that you've entered onto this VAT return

If you're not sure what manual adjustments are, or you'd like to find out how to post them, you can check our our help guide.  Find out more >

 

Earlier unreconciled transactions

This report will list the transactions that have been included in your VAT return, but are outside the date range you entered.

This report is great for identifying those transactions that might need a bit of extra attention.

 

Detailed by Department

This report works the same as the detailed report we looked at earlier, but also groups by the transaction's department.

 

[BCB:97:Limitless - 50 Accounts - VAT:ECB] [BCB:191:UKI - #GetMoreFeedback:ECB]