VAT Purchase Journal

The VAT Purchase journal is developed in order to support Accounting department to obtain all the necessary data for VAT fiscal reports. The structure of the report is according to the actual layout of VAT Statement Report. Purchases VAT Journal is used as:

  • auxiliary journal for booking purchases of goods and services;
  • document for establishing reporting period value for purchases VAT; · document for controlling booking of VAT transactions into G/L;

The following purchase transactions appear in the Purchases VAT Journal:

  • Domestic purchases;
  • Imports (acquisitions from non-EU countries);
  • Intra Community Acquisitions (acquisitions from EU countries) and deemed ICA (Transfers);
  • Acquisitions of goods - VAT simplified measures;
  • Domestic purchases with postponed VAT.

How to run VAT Purchase Journal

  1. Launch the report from ARGGO Localization> Legal Reporting > Purchase VAT Journal
  2. When the report is opened first time it is empty. In order to get data from the system, press Get VAT Entries – Purch, from Actions-button.
  3. You can run this report using the following filter:
  • Posting date: is mandatory to fill in this filed with the period of time for which the report should be obtained;
  • Exigible Date Filter – if this field is checked then the postponed VAT transactions will be filtered by Exigible Date;
  • DVI Total – this filter will be checked only when printing the report.

Expected Results

The report should display the following details:

  • Document number;
  • Document date;
  • Vendor’s name;
  • VAT registration number;
  • Document value;
  • Base value;
  • VAT value.

The amounts representing Base and VAT values are displayed depending on specific setup in one of the following type of transactions:

  • transactions across the country with 19% VAT;
  • transactions across the country with 9% VAT;
  • transactions across the country with 5% VAT;
  • acquisitions of goods from UE;
  • acquisitions of services from UE;
  • acquisitions from UE free of VAT;
  • acquisitions from UE not-taxable;
  • transactions free of VAT, domestic and imported;
  • transactions free of VAT not-deductible;
  • domestic transactions with reversed VAT;