Accounts payable> Setup> Parameters

Navigating the form

The following table provides descriptions for the controls in this form.

Fields

Field

Description

Reverse on an invoice date

Select this check box to reverse a prepayment transaction for the vendor as of the date on a specific invoice.

VAT transaction type

Select the VAT transaction type for settlement from the following options:

  • Reverse

  • Reversing entry

Tax group of prepayment

Select the group of sales tax codes that can be calculated for sale and purchase.

Item sales tax group

Select the group of sales tax codes that can be calculated for an item.

Exchange rate date

Select the method to calculate exchange rates from the following values:

  • Posting date– Calculate the exchange rate based on the posting date.

  • Date of VAT register– Calculate the exchange rate based on the VAT register date.

  • Document date– Calculate the exchange rate based on the document date.

  • Document date (for EU trade only)– Calculate the exchange rate based on the document date.

See Also