All companies in the European Union must report their trade with
other EU countries/regions. You must report the movement of goods
to the statistics authorities in your country/region every month,
and the report must be delivered to the tax authorities. In the
program, this is referred to as Intrastat Reporting. You use the
Intrastat Journal window to
complete periodic Intrastat reports.
To Set Up Intrastat:
In order for item entries to contain the necessary information
when the program imports them to the Intrastat journal line, you
must have entered the following necessary information:
Open the Tariff Numbers window and enter the
published tariff numbers for all items that you buy and sell. For
Help about a specific field, click the field and press F1.
Open the Transaction Types window and enter the
22 pre-defined Intrastat transaction types and codes. For Help
about a specific field, click the field and press F1.
Open the Transport Methods window and enter the
7 pre-defined Intrastat transport methods and codes. For Help about
a specific field, click the field and press F1.
You must fill in the above tables and assign Transaction Types and Transport Method values on the Foreign Trade tab of each sales and
purchase document before you post any sales or purchases in the
program.
Open the Item Card window and click the Foreign
Trade tab.
In the Tariff No. field,
click the AssistButton and select the appropriate
Tariff number for this item.
Click OK.
Repeat steps 4-6 for all items. Tariff numbers must be assigned
to each item.
Additional Setup
You can set up Transaction
Specifications and Areas
to supplement the transaction type information and country/region
information. Transaction
Specifications and Areas
are also assigned to sales and purchase document on the
Foreign Trade tab.
Entry/Exit Points can be
created for the location to which items from abroad are shipped or
from which you ship items abroad. Heathrow Airport is an example of
an Entry/Exit Point. Entry/Exit
Points can be entered on sales and purchase documents on the
Foreign Trade tab. This
information will also be copied from the item entries when you
create the Intrastat journal.
Intrastat Journals
The Intrastat Journal window must be used
for Intrastat reporting. All EU businesses must report their trade
with other EU countries/regions.
To Set Up Intrastat Journal Templates and Batches:
You can fill in the Intrastat
Journal with the relevant item ledger entries using the Get
Entries function, or manually. If you have relevant G/L entries in
addition to the item ledger entries, you make these manually. Such
manual adjustments could include service charges, freight costs,
landed costs, and so on.
Submitting Intrastat
Once you have filled in the Intrastat Journal, you can print the
Intrastat - Checklist report to
ensure that all information in the journal is correct, and then
print an intrastat report onto a form
or create one on a disk to submit to
the tax authority in your country/region.
Tariff Numbers window and enter the
published tariff numbers for all items that you buy and sell. For
Help about a specific field, click the field and press F1.
and select the appropriate
Tariff number for this item.