Configuring financial entities for VAT

After defining the country codes, enter the country code and additional VAT information for one or more financial entities (organizations) on the Organization Names window.

To enter VAT information

  1. In Desktop, select File > System Setup, Organization Names to open the Organization Names window.
  2. Select an organization enabled for VAT taxation from the Org Codes list.
  3. Click Edit.
  4. Enter the VAT Reg # to be used to collect VAT.
  5. (optional) Enter a value in the VAT Company field.
  6. (optional) Enter the VAT Branch ID.
  7. Enter the EU Country Code, or select the lookup icon to look up the country on the Country_Names table.

    8. Note: The VAT country code must be set up on the Country names window to select it at this time.

  8. Repeat for any additional financial entities (organizations) as needed.
  9. Click Save, close all windows, and restart iMIS for the changes to take effect.