In Mexico the value added tax (known as IVA) is payable when the RA has been paid for; not necessarily when it closes. Therefore, on RAs that have a balance due at the time of Close, the IVA collected is “pending” and needs to credit an IVA pending type of GL account rather than a “payable” account.
The balance due on the RA may be caused by any of the following:
Later on, when payments are received for these RAs, the amount the payment that makes up the IVA tax being paid has to be recorded. This program is used for entering these payments.
As the data is entered and saved for each payment, data in the RA’s RA Charge File is accessed. The following data for each RA is temporarily stored for this report:
The above data is shown on a report when exiting this program.
To access the program, type IVARPT (RET) at any menu "OPTION:" field or the appropriate number on the Additional Accounting Programs submenu of the Rental Accounting Menu. The screen will then display:
| OPTION: __ IVA AMOUNTS REALIZED ENTRY REPORT 1 Check # 2 RA Number 3 Amount Paid Print/Display P Printer /dev/tty 1SAVE 2 3ERASE 4 5BACKUP 6 7HELP 8 |
Enter data as follows:
|
Enter up to 10 alphanumeric characters representing the check number. EXAMPLE: Type 5021909 (RET) |
|
|
2. RA NUMBER |
Enter up to 8 alphanumeric characters representing the RA number. EXAMPLE: Type M1020888 (RET) |
|
3. AMOUNT PAID |
Enter the amount paid. EXAMPLE: Type 1510.00 (RET) |
|
PRINT/ DISPLAY |
This report is always printed.(There is no “display” option.)This field shows which printer will be used. |
The screen will then display:
OPTION:__IVA AMOUNTS REALIZED ENTRY REPORT
1Check #5021909
2RA NumberM1020888
3Amount Paid1500.00
Print/displayPPrinter/dev/tty
1SAVE23ERASE45BACKUP67HELP8
PRESS "F1" AT "OPTION:" TO SAVE EACH ENTRY.
Upon exiting the program, the report will be sent to the printer.
Records are sorted by the IVA tax percentage and then sub-sorted by the RA number.