Post VAT Settlement
The action posts the VAT settlement according to the information that has been entered in the report. The VAT entries are marked as posted and the settlement moves from VAT accounts to settlement accounts.
Overview of Fields and Descriptions
| Field / Option | Description |
|---|---|
| Start Date | Start date of the period to be posted. |
| End Date | End date of the period to be posted. |
| Posting Date | Posting date for VAT settlement. Automatically populated with period end date. |
| Document Number | Document number for posting VAT settlement. |
| Settlement Account | Settlement account for VAT. |
| Show VAT Entries | If this field is checked, the report will show VAT entries. |
| Post | If this field is checked, the VAT settlement will be posted. If unchecked, you can run the report first. |
| Show Amounts in Alternative Currency | If this field is checked, amounts will be displayed in Icelandic króna. |
| VAT Business Posting Group | You can filter the report by VAT business posting group for posting. |
| VAT Item Posting Group | You can filter the report by VAT item posting group for posting. |