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Documentation Index

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Report Business Value:

Journal of VAT helps you see the postings and transactions that had taxes applied to it.
How it works?
Reports → FO → Income → Journal of VAT report
  1. Select the Date Range you desire.
  2. Choose the Export option you desire i.e. Excel “XLS / XLSX / ODS” or PDF.
Report Column Output: This report is grouped by each tax department code, which means that if you apply multiple taxes you will see each tax type on its own. With this grouping you get to see the total for each tax department.
  • Department Name: Refers to the revenue department that had the tax applied.
  • Tax Department: Refers to the description of the tax applied for you to know which tax type you’re reading.
  • Net: Represents the Net Value amount applied to the revenue department within the date range you selected.
  • Tax: Represents the tax amount applied to the revenue department within the date range you selected.
  • Gross: Represents the sum of tax amounts and net amounts to show the total value.
Each and every group has a row to calculate totals per tax and at the end of the report grand totals are calculated as well. N.B: The default currency for this report would follow the base currency of your system, currency conversion would happen automatically if needed.