Tax invoice issued #

Create Tax invoice issued for sales invoice #

1. Open the respective Sales invoice
2. Once the Sales invoice is posted, the Generate Tax Invoice Issued panel below becomes active.
3. Click Generate Tax Invoice Issued
4. Generated invoice is accessible via Sales invoice

Create Tax invoice issued for prepayment received #

1. Open the respective Sales order.
2. Click Generate – Prepayment received.
3. Specify the amount received and the applicable VAT rate.
4. Once the Prepayment is posted, the Generate Tax Invoice Issued panel below becomes active.
5. Click Generate Tax Invoice Issued (prepayment).
6. Tax invoice will open, showing the VAT and the total amount.
7. Under Dr Cr button you will find the respective postings. Please note, that the account effected by tax invoice are set in the VAT accounts.
8. Save the Tax invoice.
9. Generated invoice is accessible via Sales order

Accounting #

Recording a Tax invoice issued creates the following transactions in the General Journal:

• Debits: Outgoing VAT account (from the Accounting settings)
• Credits: VAT calculation account (from the Accounting settings)

Note: If the accounts set in the Accounting settings for Outgoing VAT and VAT calculation are the same, no posting will be made, as Dr equals Cr.

Tax credit note #

Create Tax credit note #

1. Open the respective Customer credit memo
2. Once the Customer credit memo is posted, the Generate Tax Credit note panel below becomes active.
3. Click Generate Tax Credit note.
4. Generated Tax Credit note is accessible via Customer credit memo or under Sales – Tax invoices issued and Tax Credit notes.

Print forms for Tax invoice issued and Tax credit note #

Open Tax invoice print form #

1. Open the respective Tax invoice or Tax credit note
2. Click Print – Tax invoice (or Credit note for Tax Credit note)
3. Print form will open. You can Print, Save or E-mail the Tax invoice.
4. To edit the print from according to your business needs please refer to a video tutorial.