European community sales listing

Use these steps to generate the European Community (EC) Sales Listing report for VAT-registered EC businesses. All VAT-registered businesses must provide details of the goods and specific services that are supplied to VAT registered customers in other EC countries.

Prerequisites

  1. Go to the ION Desk and select the Workflows tab.
  2. In the workflow, click Format Decision.
  3. Set the Detection values in workflow of Ion desk. Accounting Entity, Bic ID, Format name. Save it.
  4. Reactivate the workflow.

Required setup steps

  1. On the Finance Enterprise Group record, select the Options tab. Select the BOD Trigger and BOD Cost Center.
  2. Provide a Service Definition and enable it.
  3. Create a Country record.

    Select Financials > Countries > Countries.

  4. Create an Address Code record.

    Select Financials > Global Ledger > Setup > Address Codes.

  5. Update the Name And Address Information section in the Accounting Entity tab of the Finance Enterprise Group.
  6. Update the Tax Entity record. On the Main tab, specify Tax Identification code. On the VAT/Intrastat tab, specify VAT Registration Country, VAT Registration Number, Default Filing Currency.
  7. Create a VAT Report Maintenance ID.
  8. Create a Sales list Tax code record.
  9. Create a Tax Calendar with VAT periods.
  10. Create an accounts receivable tax transaction.
  11. Generate the VAT Return Report.

    Select Tax Setup > VAT Setup > VAT Return Report.

  12. Generate the EC Sales Report.

    Select Tax Setup > VAT Setup > EC Sales Report.

  13. Work units are triggered. Check ION Desk for results.