VAT Sales Journal

The VAT Sales 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. Sales VAT Journal is used as:

  • auxiliary journal for booking sales of goods and services;
  • document for establishing ending month value for sales VAT;
  • document for controlling booking of VAT transactions into G/L.

The following sales transactions appear in the Sales VAT Journal:

Domestic supplies that are divided in:
  • domestic supplies (VAT % 19, 9 or 5);
  • domestic supplies free of VAT deductible;
  • domestic supplies free of VAT not deductible;
  • domestic supplies not taxable.
Exports that are divided in:
  • exports free of VAT deductible;
  • exports free of VAT not deductible;
  • exports not taxable.
Intra community supplies (ICS):
  • ICS free of VAT letters A and D Fiscal Code;
  • ICS free of VAT letters B and C Fiscal Code;
  • ICS free of VAT deductible;
  • ICS free of VAT not deductible;
  • ICS not taxable.
Intra community acquisitions (ICA) reverse charge:
  • ICA reverse charge meant for services ;
  • ICA reverse charge meant for goods.
Imports reverse charge;
Supplies with VAT 19%

How to run VAT Sales Journal

  1. Launch the report from ARGGO Localization> Legal Reporting > VAT Sales Journal
  2. When the report is opened first time it is empty. In order to get data from the system, press Get VAT Entries – Sale, 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;

Expected Results

The report should display the following details:

  • Document number;
  • Document date;
  • Customer’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;
  • delivery of goods in UE deductible;
  • delivery of goods in UE not-deductible;
  • supplies of services in UE;
  • other supplies of goods and services deductible;
  • other supplies of goods and services not-deductible;
  • supplies not taxable;
  • acquisitions of goods from UE;
  • acquisitions of services from UE;
  • domestic transactions with reversed VAT;
  • transactions across the country with 19% VAT.