Opera II - EC VAT

EU trading made easy
In the EC VAT module you define and maintain the information required to produce the EC Sales Lists (ESL) and Supplementary Declarations (SD) including country
codes, modes of transport, terms of delivery and commodity codes. Nature of
Transaction Codes are also maintained in order to complete the relevant part of the
Supplementary Declaration for Intrastat purposes, and Commodity Codes are
maintained for Intrastat purposes as identified in the Intrastat Classification
Nomenclature (ICN).
If you are using foreign currency accounts, appropriate VAT rate codes for EC Sales
and Purchases can also be set up. This module will then collect information needed
to produce VAT returns for trading with EU member countries.

• Country specification
• Definition of European Community countries with which you trade for sales and purchases
• Maintains the standard codes that identify the Modes of Transport in use
• Records Terms of Delivery for Supplementary Declaration submissions
• Summary and detailed EC Sales List Report (ESL)
• HM Customs and Excise approved substitute Supplementary Declaration (SD) form
  

 

Testimonials "The Opera II accounting solution not only allows us to control the financial ledgers across multiple companies but also lets us maintain control over the supply chain including stock levels and job costing. Together with the powerful XRL management reporting tool for microsoft excel we can have up-to-the minute key financial information at our fingertips." Cedric Randle FCMA - Finance Director Narrow Aisle Ltd