Introduction

The following post will guide you on how to use the IS_ATS and IS_ATMS tax code that is available in AutoCount Accounting.

IS_ATS

The flow for IS_ATS is as such:

1. When the user is purchasing item that is imported in, the user starts by creating a purchase document that is posted to A/P Invoice (Cash Purchase & Purchase Invoice)

   

2. In that document created, select the tax code IM-GDS for the items being imported in.

   

3. When creating the Payment Voucher to pay RMCD the custom duty for the import of the items, click on the Imported Goods Document to search for the previously created purchase document.

   

   

4. Select the purchase document, enter the amount of custom duty charged as well as the tax code it is under before pressing “OK”.

   

5. In the Main tab, for the details that was entered, the user may modify the Custom Assessed Amount (if there is any difference notified by RMCD) as well as entering the Import Declaration Number to complete their record.

   

IS_ATMS

The flow for IS_ATMS is as such:

1. When the user is purchasing item that is imported in, the user starts by creating a purchase document that is posted to A/P Invoice (Cash Purchase & Purchase Invoice)

   

2. In that document created, select the tax code IS_ATMS for the items being imported in.

   

3. When saving the document created, a prompt will be shown to request the journal entry document number the user wish to use to generate the ATMS entry. In this prompt, the user can also specify that the items are used for making Non-Taxable Supply or not.

   

4. Pressing “OK” will cause the journal entry to be automatically created either using the user specified journal entry document number or the default maintained one. To check on the posting, just navigate to the Journal Entry and locate the document number used.