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Thread: VAT difference between supplier Invoice and Pastel Partner payment calculation

  1. #1
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    VAT difference between supplier Invoice and Pastel Partner payment calculation

    Greetings,

    I have just started using Pastel Parner V12 and cannot find an efficient solution in the normal payment cash book process to manage the following situation :-

    1. Some supplier invoices calculate VAT per item and the VAT total is then not equivalent to 14% of the supplier invoice total (e.g.Telkom Invoice total is R765.26 & shows VAT as R93.96 the 14% Pastel Calc is R93.98. A Car hire Invoice = total R6,657.23 & shows VAT as R817.57 the 14% Pastel Calc is R817.55)

    2. VAT on Invoices for airline tickets is not equivalent to 14% of the Invoice total as some items are not subject to VAT & the Invoice merely shows the total VAT amount included in the Invoice. e.g.(Airline Invoice = total R9,607.00 & VAT shown as R862.10 the Pastel VAT Calc = R1179.81

    I could previously merely manually edit / correct the amount of VAT calculated by my in house system if it differed from the VAT shown on the supplier Invoice . This meant that the Input VAT claimed was the same as that shown on the Supplier Invoice if I was called upon by SARS to present same.

    How do I manage this situation in Pastel ? Is there a way to access the calculated VAT amount (a VAT code which allows manual input would be useful) or do I have to split the payment entry into two ... one which achieves the correct 14% VAT calculation and the balance as a non-vat payment?

    I am obviously missing something as I cannot seriously believe that this is the only way to handle this situation

    Looking forward to an easy solution

  2. #2
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    Hi Kenj,

    We have the same problem when it comes to duties and VAT on the goods imported.

    The solution is to set your "Tax Type" to "00 - Tax Type Zero" and then include an additional line at the bottom of your invoice. Choose your VAT GL account, select Tax Type "6 - Vat Adjustment (100%)" and manually type in your VAT amount.

    I am using Pastel 11, so your may be slightly different.

    Good Luck,
    Herman

  3. #3
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    Hi Herman,

    Thanks for the response.

    I was hoping for a "magic bullet" but I suppose it is what it is

    Thanks again

    Ken

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