All,

On BC365, the VAT is calculated based on the posting date on the ledger. In the majority of cases, however, the tax point should be the document date to keep in line with legislation and VAT guidelines.
This is certainly the case in most European countries (see summary from UK below)

Situation - Tax point
No invoice needed - Date of supply
VAT invoice issued - Date of invoice
VAT invoice issued 15 days or more after the date of supply - Date the supply took place
Payment or invoice issued in advance of supply - Date of payment or invoice (whichever is earlier)

Can the system be configured to create VAT statements based on the document date?

Thanks