VAT sales and purchase books
Tax authorities
are required to produce periodic submissions of invoice details for accounts receivable and
accounts payable. Submissions may be required monthly, quarterly, or annually and are
generally in electronic format. The tax authorities can use the information to cross-check
data from trading partners, and to ensure that the correct taxes are paid.
How Infor meets this requirement
This requirement is covered in the eAuditing requirement. See Electronic audit files. .