Setup for Suspended VAT for Accounts Payable Transactions

Before you process transactions that include VAT, set up the VAT constants for accounts payable transactions. You set up the constants with the AAI prefixes that the system uses to write amounts to the actual VAT account and the profit and loss account.

See Understanding VAT Constants for Russia.

The system determines which vouchers include VAT that you must process as suspended VAT by reading the values in the Account Payable Setup for VAT table (F74R400). You use the Russian VAT Release Type Setup program (P74R4000) to set up values in the F74R400 table to establish a relationship between the voucher tax area and a document type, and establish whether vouchers with the specified tax area/document type combination are released automatically or manually. For vouchers that are set up to release suspended VAT automatically, the system generates the appropriate journal entries when you post the vouchers. For vouchers that are set up for manual release, you use the Suspended VAT - Manual Release program (P74R4010) to release the VAT at the appropriate time.

See Defining Methods of Releasing Suspended VAT.

In addition to setting up values in the F74R400 table, you use the Automatic VAT Process program (P74R4100) to set processing options that the system uses when you run the General Ledger Post program.

See Setting Processing Options for Automatic VAT Process (P74R4100).