VAT reporting and PCN production
Database for creating VAT reports
Reporting data for the PCN file is based on journal commands executed in the accounting system after generating customer invoices or receiving supplier invoices. Each journal command includes a transaction type of expense or income along with a VAT provision according to defined percentages.
Transactions or input movements reported in previous reports will not appear in new reports we generate, so there is no need to worry about duplicate reporting.
דוח מע"מ כולל שתי סוגים של תנועות:
1. VAT on transactions
Transaction VAT is recorded as a movement on a dedicated card after a tax invoice is generated in the system.
The system checks transactions against revenues in the reporting period and warns if there is a deviation from the accepted VAT percentage.
2. מע"מ תשומות
מע"מ תשומות נרשם בכרטיס ייעודי לאחר קליטת חשבוניות ספקים בהנהלת חשבונות. לכל כרטיס ספק שעבורו אנו קולטים חשבונית חייב להיות ח.פ. או ת.ז. של עוסק, אחרת דוח המע"מ לא יצא תקין.
Generating a PCN file
Producing a monthly VAT report is done by marking transactions and inputs that we want to report and transferring them to the "For Reporting" tab. After verifying data and deciding on reporting, a PCN file is generated for monthly VAT reporting on the Income Tax website.
After generating a VAT report, reported transactions move to the "Reported" tab. This prevents double reporting for those transactions.
In addition, it is possible to cancel a report, an action that will result in reported transactions being transferred back to the "For Reporting" status.
Sending a VAT report by email
After producing a PCN VAT report, the system sends a digitally signed PDF file to the email of the report producer. This creates documentation for tracking and control purposes. The system records the name of the report producer, date and time of production.