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All available periods are listed on the periods overview page. Productive periods are marked by checkmarks [
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The functions of the [Period] dialogue is described below.
Create a period
The VAT@GTChe VAT@GTC is a period-based system. The available type of periods is determined by the legal requirements of the selected country.
The period type chosen for Germany depends on the following thresholds.
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When creating periods it must be ensured that only one productive period can have the same [Name] and [End of period]. |
How to create a new period
Creation of a new period is very similar to the creation of the first period, with the only difference that all subsequent periods can be based on the previous periods [Master date copy based on]. Please make sure that the periods are created successively. Master data is copied to the new period by clicking on [Save].
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Each cmpany must define a clear process of period creation. This should be done, since creating a period at the wrong Point in the cycle (too late or too eary) or providing unclear assignment can have a fatal effect on the VAT Compliance process. It can be pointed out at the beginning of the Project that e.g. an accurate topical Picture of a VAT group can be ensured through the continuing period creating. When master data from the preperiod is to be adopted, a contemporary creation of periods is advisable especially regarding the case that tax codes are edited. Otherwise tax codes have to e changed manually later on. In short: which user creates which period and when.
Edit, show and delete periods
The availability of the following functions depends on user’s role and authorisations. Click on the [Edit] button of the selected period to open the detail view of this specific period. Here you can change the data of the already saved periods. Once selected, the kind of VAT period cannot be changed anymore. Click [Save] to save the entered data and go back to the period overview page.
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When restored the type of period is automatically set to the test period. This is done, since there may exist a productive period with the same end of period and kind of VAT period; only one reporting period with the same name can exist. However, it is still possible to switch to a productive period. |
Export and import of a period
VAT@GTC offers the possibility to export and import the data sets of a selected period. This function can be used, for example, for a company restructuring in order to select certain periods, companies, master data and transaction data and assign them to another company. Moreover, it can also be used for test purposes by copying the data from one period and creating a test period. The period export can also be used for error analysis for AMANA. The prerequisite for period export or import is the availability of identical systems with the same application versions.
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