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VAT Summary

Revision as of 12:51, 17 February 2021 by Gelo (talk | contribs)

VAT Summary

VAT Summary refers to the summary of Sales and Purchases taxes which gives the user an overview if their hit their monthly target.

VAT Summary Menu List(Sales)
File:VAT Summary Menu List(Sales).png
VAT Summary Menu List(Sales)


VAT Summary Menu List(Sales) terms based on Oojeema Prime System

  1. Date Filter - Date Range filter for VAT Summary monthly report.
  2. VAT Summary Tab(Purchase, Sales) - Detailed Report for Sales and Purchase VAT Summary.
  3. Voucher No. - Reference No. of the Sales Transaction
  4. Transaction Date - Date when the transaction is created
  5. Invoice No. - The Invoice reference tagged in the Receivable
  6. Reference - Reference No indicated on the Sales Invoice.
  7. Partner - the Customer assigned in the Transaction.
  8. TIN - Tax Identification Number of the Customer.
  9. Address - Address of the Customer.
  10. Gross Amount - Amount in the Transaction without any Tax, Discounts and computations involved.
  11. Net Amount - Amount in the Transaction with Tax, Discounts and other computations involved.
  12. Tax Amount - Tax Amount Applied in the specific Transaction
  13. Tax Type - Type of Tax applied in the transaction.
  14. Beginning Balance - Starting Balance that is carried over last month.

Notes:

  • Clicking the Voucher No and the Invoice No. will redirect the user to the View function of the specific transaction.
  • For detailed instructions on how to Export, and view Reference Vouchers/Transactions in VAT Summary, the user may visit the VAT Summary Job Aids which can be found here
VAT Summary Menu List(Purchase)
File:VAT Summary Menu List(Purchase).png
VAT Summary Menu List(Purchase)

VAT Summary Menu List(Purchase) terms based on Oojeema Prime System

  1. Date Filter - Date Range filter for VAT Summary monthly report.
  2. VAT Summary Tab(Purchase, Sales) - Detailed Report for Sales and Purchase VAT Summary.
  3. Voucher No. - Reference No. of the Sales Transaction
  4. Transaction Date - Date when the transaction is created
  5. Invoice No. - The Invoice reference tagged in the Payable
  6. Reference - Reference No indicated on the Purchase Receipt
  7. Partner - the Supplier assigned in the Transaction.
  8. TIN - Tax Identification Number of the Supplier
  9. Address - Address of the Supplier
  10. Gross Amount - Amount in the Transaction without any Tax, Discounts and computations involved.
  11. Net Amount - Amount in the Transaction with Tax, Discounts and other computations involved.
  12. Tax Amount - Tax Amount Applied in the specific Transaction
  13. Tax Type - Type of Tax applied in the transaction.
  14. Beginning Balance - Starting Balance that is carried over last month.

Notes:

  • Clicking the Voucher No and the Invoice No. will redirect the user to the View function of the specific transaction.
  • For detailed instructions on how to Export, and view Reference Vouchers/Transactions in VAT Summary, the user may visit the VAT Summary Job Aids which can be found here
Categories:
Modules
Sales Sales | Sales Invoice
Purchase Purchase | Purchase Receipt
Financials Accounts Receivable | Accounts Payable
Maintenance Customer | Supplier | Tax
Job Aid Modules
Sales Aids Sales Invoice
Purchase Aids Accounts Receivable Aids | Accounts Payable Aids
Maintenance Aids Customer Aids | Supplier Aids | Tax Aids
Reports Module(Reports)
Reports Tax Reports
Tax Reports Sales Journal | Purchase Journal | VAT Summary | BIR Form 2550M | BIR Form 2550Q | BIR Form 2551Q | BIR Form 0619-E | BIR Form 1601E-Q | BIR Form 1604E | Sales Relief | Purchase Relief | Summary Alphalist of Withholding Tax
Reports Aid
Tax Reports Sales Journal Aids | Purchase Journal Aids | VAT Summary Aids | BIR Form 2550M Aids | BIR Form 2550Q Aids | BIR Form 0619-E Aids | BIR Form 1601E-Q Aids | BIR Form 1604E Aids | Sales Relief Aids | Purchase Relief Aids | Summary Alphalist of Withholding Taxes Aids