Changing the Status of a VAT Period

Do not change the status of a Closed VAT period/quarter to Automatic or Manual if the VAT return has already been submitted. This allows documents to be posted to the VAT period/quarter and may affect the VAT return that has already been submitted.

There are three different statuses that can be applied to a VAT period/quarter, which define how documents can be posted to the period/quarter:

Automatic - all documents with a document date that falls within the tax period/quarter start and end dates is posted to the VAT period/quarter.

Manual - documents are not automatically posted to the applicable VAT period/quarter. Documents in the VAT period/quarter can be edited by users that have access to the Edit function. Documents can also be manually moved to the VAT period/quarter.

Closed - no documents can be posted to the VAT period/quarter. Documents in the VAT period/quarter can be edited providing the changes do not affect the VAT detail lines.

To view or edit the status of a VAT period/quarter:

1. Select Maintenance, then select Accounts from the menu.
   
2. Double-select to select the VAT ledger in the Select a ledger dialog.
   

3. The Account Maintenance dialog is displayed labelled according to the selected ledger. Select the applicable VAT period, then select the Tax tab. Select EDIT.
   

4. Select the required status from the Status drop-down list, then select SAVE.
5. An Update complete message is displayed. Select OK to close the message and return to the previous window.