Dynamics SL defaults Tax IDs and Categories to all transactions, which can then be changed by the user. VAT Box Codes are assigned to the SL Tax IDs. The VAT reports generate based on Tax IDs and Box Codes totalling amount for entry in specific boxes on the government VAT reports.
The Renown Dynamics SL VAT Module enable the entry of Tax Ids. You have the ability to enter tax and VAT details in GL Journals, Cash Manager transactions and Project Expense Claims. It is also possible to journal adjustments between VAT Box Codes.