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VAT Statements

Value-added tax (VAT) statements are used by various regions, including Australia and the United Kingdom.

This Multi-Entity Management version of this report is a copy of the Microsoft Dynamics 365 Business Central report and the report name is preceded with MEM. Use the Entity Code to select a range of entities or specific entities to appear on the report. The default value of the Entity Code is your default entity.

For information about the report, refer to the Microsoft Dynamics 365 Business Central documentation .

Based on the security settings on the Multi-Entity Management Setup page, the generated report(s) shows only the records that belong to entities to which you have access and match the other criteria that you specified. MEM security settings can restrict the visibility and access to the following types of records based on the entities to which you have access: bank account, customer, fixed asset, item, location, and vendor.

  • When the Entity Code contains specific entities, the report shows only the records for the specified entities.
  • When the Entity Code contains a range of entities, the report shows only the records within the specified entity range.
  • When the Entity Code is empty, the report shows all records that belong to entities to which you have access.

Fields: VAT Statements

This page contains the following fields: 

Field Description
Entity Code Select the entity code(s) you want. All records that belong to the selected entity code(s) appear on the report.

Filters: VAT Statements by MEM Entity or Group

You have the ability to assign a unique VAT Registration Number to an individual MEM Entity or MEM HMRC Group. This will allow you to filter transactions within the VAT Statement and VAT Statement Preview, as well as MEM Calculate and Post VAT Statement.

Note: Entities cannot filter data by HMRC Group and Department Code simultaneously.

For additional information, refer to MEM HMRC Group Setup – Filtering.

Actions: VAT Statements

This page contains the following actions: 

Action Description
Process > MEM Preview Displays a preview of the VAT report for the selected line.

VAT Statement Preview

The VAT preview report is for the selected line from the VAT Statements page. The Column Amount for each line shows the calculated amount based on the selected entity. If the Entity Code does not have a value, the preview is based on your default entity.

Fields: VAT Statement Preview

This page contains the following fields: 

Field Description
Entity Code Displays the entity code for the line selected from the main VAT Statements page.

VAT Statement Report

This Multi-Entity Management version of this report is a copy of the Microsoft Dynamics 365 Business Central report and the report name is preceded with MEM. Use the Entity Filter under the Dimension Filters section of the report request page to select a range of entities or specific entities to appear on the report.

For information about the report, refer to the Microsoft Dynamics 365 Business Central documentation.

Based on the security settings on the Multi-Entity Management Setup page, the generated report(s) shows only the records that belong to entities to which you have access and match the other criteria that you specified. MEM security settings can restrict the visibility and access to the following types of records based on the entities to which you have access: bank account, customer, fixed asset, item, location, and vendor.

  • When the Entity Filter contains specific entities, the report shows only the records for the specified entities.
  • When the Entity Filter contains a range of entities, the report shows only the records within the specified entity range.
  • When the Entity Filter is empty, the report shows all records that belong to entities to which you have access.