Advanced VAT

Enhanced distribution level VAT functionality for Payable and General Ledger transactions

This module is designed to enhance the standard Microsoft Great Plains VAT functionality.

The standard Microsoft Great Plains Tax model is based upon a tax relationship between creditor, debtor and items or service. This model is not applicable for organisations where VAT is activity based.

Rather than tracking the VAT using the Microsoft Great Plains tax schedules, each distribution line of the transaction is independently VAT coded using a Tax Detail ID. The Tax Detail ID will cause the system to create the required VAT distributions.

Accurately tracking and reporting VAT and setting individual transactions as recoverable, partially recoverable or irrecoverable is required in activity based businesses such as charities. Nolan Computers' Advanced VAT module enables businesses to enter VAT processing rules against each segment of a purchase invoice entry of General Ledger journal.

Advanced VAT includes new versions of the GL and Payables Transaction Entry windows which allow for the recording of VAT against each distribution line.

The flexibility of Advanced VAT allows it to be used by a wide variety of businesses, and allows for the entry (and reporting) of several different types of VAT methods.

Nolan Computer's Advanced VAT module has been specifically designed to fully integrate with the Microsoft Great Plains suite of accounting software. The Advanced VAT module was written using Dexterity, providing a seamless look and feel to Microsoft Great Plains.