In the following article, we will show you how to handle a situation where you need to deduct from a final invoice a prepayment tax document (PTD) that contains both positive and negative line items. This feature is available from version 2022.2.
The first step is to create a document type called "Advance payment – not a tax document".
The next step is to settle the "Advance payment – not a tax document" document. Whether the payment is made by bank transfer or in cash, after physically matching the payment to the document, use the SERVICES function — Create prepayment tax document.
Here you can enter both positive and negative amounts for a specific tax rate => however, the final amount of the PTD must correspond to the amount of the advance payment made.
A PTD — prepayment tax document — has now been created in the Invoices module.
The created prepayment tax document (PTD) is then deducted from the final settlement tax document using the SERVICES => Deduct advance payment/PTD function.
Again, you select the amounts to deduct for the PTD at the applicable tax rates.
You can now see that the PTD deduction line items have been inserted, and as of version 2022.2, PTD line items with a negative sign are also respected.
Alongside the change to support negative PTD line items, this behavioral update has also been applied to the "VAT correction" function, which now supports VAT correction according to the configured parameters for positive deduction line items as well.
