VAT ⛭

This page allows you to set the VAT Registration Number, Reporting Periods and VAT Reporting Scheme (Accrual/Cash).

To configure VAT, Trom the Explorer click Setup > Configuration this displays the Configuration page. Then, in the Accounting section, click 'VAT', to display the VAT Configuration Document.

Most of the fields are self-explanatory; complete them as required and then click 'Save'.

A couple of the fields require some explanation:

Reporting Periods

Set your VAT reporting period here. This value affects the periods displayed on the VAT Reports. It also affects the default dates used for VAT Returns (see VAT Returns).

VAT Reporting Basic

Specify here whether you report on a cash or accrual basis.