Use this screen to create and maintain value added tax (VAT) supply codes. These codes are used predominantly in Europe to describe transactions (sale, return, and so on) and types of merchandise (software, crops, machinery, and so on). These codes are the same throughout most of Europe and must not be customized for your company.
Values are preloaded for the Supply Code and Supply Description columns during Costpoint initialization. Use this screen when you need to add a new commodity type after the initial load. These supply codes are accessed by various screens (for example, the Manage Accounts Payable Vouchers screen in Accounts Payable).
Use this table window to set up VAT supply codes.
Use this field to enter an identification code for this VAT supply code.
Use this field to enter a description for this Supply Code.