Enabling Pay Group in Payment File - 23A Feature
Summary:
Reviewing some earlier What's New Features - I came across this in 23A: VAT PAYMENT IN LOCAL CURRENCY FOR POLAND FOREIGN CURRENCY INVOICES
As part of this - I noticed this:
- New XML tags included
Following additional tags have been included to meet the VAT Split requirement. Using these tags, customers can configure their payment file template.
- Invoice Pay group
Invoice pay group code is included under the <DocumenPayable> with the following name.
<PayGroup>Code</PayGroup> after the <DocumentCreationDate> under <DocumentPayable>
This feature improves compliance with local regulatory requirements, such as in Poland, for reporting foreign currency invoices with the VAT amount reported in the local currency.
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