VAT Amount Variance

Index to Reports window > VAT > VAT Reports

Displays the difference between calculated and posted VAT amounts for selected transactions, sorted by VAT code, dates and transaction type (sale or purchase). This report does not display any item that has a variance of £0.00 (for example, a VAT amount that may have been adjusted and then changed back to the original value).

Note: Although MYOB warns against such changes, some transactions might require adjustments of VAT amounts assigned.

More Details about the VAT Amount Variance Report

VAT Amount Variance Report
1/6/01 To 30/6/01

Date ID No. Scr Name Net Amount Rate Posted VAT Calc. VAT Variance

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VAT

VAT          
12/6/2001 0000165 SJ Customer Card £150.00 10.00% £12.00 £15.00 £3.00
12/6/2001 0000081 GJ Accounting Adj. £375.00 10.00% £25.00 £37.50 £12.50
                 
N-T No Tax              
12/6/2001 000015C SJ Customer Card -£350.00 0.00% -£10.00 £0.00 £10.00