If the VAT business and VAT product posting groups for the Cenium Core G/L accounts are correctly configured to use the EXTSALE and EXTVAT VAT Posting groups this section can be ignored. But if called for, the VAT Setup can be used to override the settings on the G/L account.
Select VAT setup from the setup menu to access the VAT setup page:
| Field | Description |
|---|---|
| Transaction Type | Drilldown and select a Transaction type this applies to. Accommodation Sale, Discount and Taxes are the most commonly used. |
| Account No. | Drilldown and select the G/L account this configuration applies to. |
| VAT Business Posting Group | Drilldown and select the VAT Business Posting Group to be used. EXTVAT should be used for the Taxes transaction type and for all the revenue/discount transaction types use EXTSALE. |
| VAT Product Posting Group | Drilldown and select the VAT Product Posting Group to be used. |
See G/L account setup for more about creating the VAT Posting groups.