![]() ![]() This approach is useful for seeing how a prospective acquisition could have altered the financial results of the acquiring entity. ![]() Historical pro forma financials provide a backward-looking projection of a company's results in one or more prior years that includes the results of another business that the company wants to purchase, net of acquisition costs and synergies. An investment pro forma projection may result in several different sets of pro forma financial statements, each designed for a different investment amount. The four documents relating to the transaction can be allocated together.A company may be seeking funding, and wants to show investors how the company's results will change if they invest a certain amount of money in the business. ![]() The VAT has now been recorded so can be reclaimed, and the supplier account balance should return to zero. If the original proforma invoice was posted as a POIN via the portal, the GRN details will no longer be available to select, so instead the VAT invoice will need to be entered as a non-order invoice in Accounting. The VAT invoice can be entered, recording the correct VAT rate and value to allow it to be reclaimed. You will now have three documents in the account, the proforma invoice, the payment and the journal. Press F5 to post the document and then return to the account enquiry screen for the supplier account. Tick the box 'Reverse Values' and select a journal as the document type for the reversal from the dropdown.Ĭlick OK and the details of the document will be displayed on screen, with the debit/credit values reversed. Right-click on the top line and select 'Copy Document'Ī Document Input window will appear. ![]() View the proforma invoice in a Document Enquiry window. Undo the allocation in the supplier account by right-clicking and selecting 'Undo Allocation' So to avoid the invoice being recorded twice, the proforma invoice needs to be reversed. Once the goods are sent, the supplier will issue a VAT invoice. The invoice is posted to the supplier account as normal, and the payment can be allocated with it as shown below: This means there will be no net effect to the supplier account balance, but will enable the VAT to be claimed.Įnter the invoice details in the normal way (either in Accounting or via MyPortal), but ensure that the tax type selected is 'X' for 'Outside the scope'. Once the VAT invoice is received, the proforma invoice can be reversed and the VAT invoice entered. This will allow the invoice to be pulled through to a paylist in the normal way without any impact on the VAT claim. Instead, the invoice can be posted without VAT, so that the gross amount is posted to the expense code with VAT rate of 'X'. There is no standard document type in PSF for processing proforma invoices. It is not a VAT invoice - Once the goods are delivered a VAT invoice is issued. Proforma invoices are where a preliminary invoice is issued prior to the goods being sent, usually to facilitate payment up-front. ![]()
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