Checking VAT Key
In each GL account, there is the Check VAT Key option to check if the VAT key added to the Posting FastTab is being used in a general journal or an invoice. When enabled, it monitors the proper use of the specific VAT code assigned to that account in general journal entries and invoices. This ensures that the VAT code used in the transaction is the correct one and prevents any errors.
To enable the Check VAT Key:
- On the G/L Account Card, navigate to the Continia Finance FastTab, and enable Check VAT Key. If the VAT key on an invoice differs from the one specified in the Posting FastTab, an error occurs.