VAT Counterpart Account
| Lines of Code | 489 |
| Technical name | to_vat_counterpart |
| License | OPL-1 |
| Website | https://viindoo.com/apps/modules/17.0/to_vat_counterpart |
| Read description for | v 10.0 v 11.0 v 12.0 v 13.0 v 14.0 v 15.0 v 16.0 v 18.0 |
| Required Apps | Invoicing (account) Discuss (mail) |
| Included Dependencies | Viindoo Base Viindoo Accounting |
| Extensions | Foreign Trade, Logistics Vietnam - VAT Counterpart Account |
The VAT counterpart account, filled in before anyone forgets
A counterpart account per VAT tax group that lands on the tax's distribution lines automatically - so the VAT entries post where the return expects them.
VAT Counterpart Account (technical name to_vat_counterpart) is an Odoo 17.0 app for Odoo Community and Odoo Enterprise and Viindoo Cloud, built for chief accountant, accountant, auditor, implementer.
At a Glance
The facts of VAT Counterpart Account, version 0.1, in one place. Published by Viindoo.
How It Works
Two screens, one field.
On the tax group
The group says which account the VAT of its taxes is carried to. Groups that are not VAT keep no counterpart.
On the tax
The distribution lines show the counterpart the group provided - and it is filled in when the tax group is chosen.
Across the taxes you use
Sales and purchase taxes each point at their own side, which is what makes the VAT return balance.
What You Get
A VAT Counterpart Account on the tax group, and a company-level default
Applied to the tax distribution lines - invoices and refunds
Only for groups marked as VAT: other tax groups are left alone
Set on the taxes created when a chart of accounts is loaded for a new company
Visible on the tax form, so what will post is readable before it posts
Nothing else about tax computation changes
More Screens
Everything below was taken on a database seeded with real business data, on this series - not a mock-up and not a screenshot from an older version.
A tax and its distribution lines
What This App Does Not Do
Read this before you buy. Everything below is something the app deliberately leaves to another app or to you.
It makes sure the accounts the return reads from are the ones the taxes post to.
An accountant can still override the counterpart on a distribution line.
Withholding and other tax groups are outside its scope by design.
The default applies when the group is chosen or when a chart is loaded; back-filling old taxes is a deliberate action.
Works Well With
Apps from the same stack, built to fit this one:
Who Should Use VAT Counterpart Account?
Chief accountant
Sets the counterpart once per VAT group instead of per tax.
Accountant
Creates a new tax and gets the counterpart already filled in.
Auditor
Reads on the tax where its VAT will actually land.
Implementer
Rolls a new company out with the counterpart already set on its taxes.
Frequently Asked Questions
What does VAT Counterpart Account do?
A counterpart account per VAT tax group that lands on the tax's distribution lines automatically - so the VAT entries post where the return expects them.
What does VAT Counterpart Account not do?
It does not produce the VAT return. It makes sure the accounts the return reads from are the ones the taxes post to. It defaults, it does not lock. An accountant can still override the counterpart on a distribution line. Only groups flagged as VAT are touched. Withholding and other tax groups are outside its scope by design. Existing taxes are not rewritten on install. The default applies when the group is chosen or when a chart is loaded; back-filling old taxes is a deliberate action.
Who is VAT Counterpart Account for?
Chief accountant: Sets the counterpart once per VAT group instead of per tax. Accountant: Creates a new tax and gets the counterpart already filled in. Auditor: Reads on the tax where its VAT will actually land. Implementer: Rolls a new company out with the counterpart already set on its taxes.
Which Odoo version and editions does it support?
Odoo 17.0 - Odoo Community, Odoo Enterprise, Viindoo Cloud. Upgrades to a newer Odoo series are a separate purchase for that series.
What does it depend on?
It installs on top of: viin_account. Odoo installs them with it.
How do I set it up?
Two screens, one field.
What works well with it?
Accounting Foundation (viin_account): Where the VAT flag on the tax group comes from. Accounting Reports (to_account_reports): The reports the counterpart account feeds.
Can I try it before buying?
Yes - the Live Preview button at the top of this page opens the module's own screen on a working database.
How do I get support?
Write to apps.support@viindoo.com with your Odoo version and the technical name to_vat_counterpart; pre-sales questions go to sales@viindoo.com.
See VAT Counterpart Account in Action
Live demo: v17demo-int.viindoo.com/web#action=account.action_tax_group
Need help with VAT Counterpart Account?
For questions, implementation support or a custom feature, contact Viindoo.
Pre-Sales & Partnership
sales@viindoo.comUpgrades to a newer Odoo series are a separate purchase for that series.
All Viindoo apps: apps.odoo.com/apps/modules/browse?author=Viindoo
Technical Requirement
Changes log
0.1 - Latest on the 17.0 line
- The counterpart is applied to the taxes created when a chart of accounts is loaded for a new company.
- Choosing a tax group fills the counterpart on the distribution lines.
Installation
- Navigate to Apps.
- Search with keyword to_vat_counterpart.
- Press Install.
Note: The account module will be automatically installed together with the to_vat_counterpart module.
Instructions
Key features
This module adds the VAT Counterpart Account field on the tax form.
Usage
Example:
1. Journal entries created during the importation activity:
Journal entry for the Import Tax:
- Debit 151/156: Total tax value (minus VAT);
- Credit 3333: Import Tax.
Tax payment:
- Debit 33312: VAT Payable for Imported Goods;
- Debit 3333: Import Tax;
- Credit 111/112.
Deduct VAT Payable for Imported Goods:
- Debit 1331: Deductible VAT;
- Credit 33312: VAT Payable for Imported Goods.
2. Steps to follow in the system:
Step 1: Configure Import/Export taxes in the software.
Step 2: Steps to process imported goods, check generated journal items.
Note: To be able to work on this example and see all the generated journal entries, you need to activate the developer mode and install the following modules:
This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file).
You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one).
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