In this product update, the cash-based VAT is supported in the VAT Control Statement (VCS).
Since product update 408, Exact Globe Next has been supporting the VCS in XML format, which is a detailed XML file that drills down to transaction level details. For more information, see Product Updates 408, 407, and 406: VCS (VAT Control Statement) in XML is now supported (Slovak legislation) and Product Updates 410 and 409: Non-deductible VAT functionality supported in VAT control statement (Slovak legislation)
To be able to provide companies in Slovakia the flexibility to work with the cash-based VAT, the VCS has been enhanced.
The following enhancements have been made:
Cash-based sales transactions were previously not included in the VCS XML file. With this change, these transactions will be included in the XML file.
Cash-based or normal purchase transactions were already included in the VCS XML file. With this improvement, the creditor’s VAT number will be included in the XML file.
For more information, see Instruction for setting up cash based transactions in Exact Globe Next.