VAT Journals

VAT Journals are mandatory records for all taxable entities. Based on this, the reported VAT is determined and it is used to track VAT payble and receivable. This reports are part of Romanian SAF-T Business Central Extension. This reports provides the following capabilities:

Two Main Types

• Sales VAT Journal: Records all taxable sales and output VAT

• Purchase VAT Journal: Records all purchases with deductible/non deductible input VAT

Structured Format - each journal typically includes:

• Document number and date

• Supplier or customer identification

• Name and Fiscal Code

• Invoice number and date

• Tax base (excluding VAT)

• VAT rate (standard or reduced)

• VAT amount

• Total invoice value

• Payment document number and date

• Payment value base

• Payment value VAT

• Unrealized base

• Unrealized VAT

Integration with SAF-T - information is structured based on SAF-T Tax Codes from Romanian Legislation.

Special Regimes Supported:

• Reverse charge mechanism

• VAT cash accounting scheme

• Intracommunity acquisitions and supplies

• Imports and exports

• Adjustments for credit notes, canceled invoices, and bad debt

Download, install and usage of this extension are free, but if you need consultancy or custom development, you need to contact us for an offer.

Need to know before you use it: your Business Central Saas version needs to be 25.5.30849.31230 or above.