Configuring VAT

    

Topic: Setup > Configuration

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

 

To configure VAT, from the Explorer click Setup->Configuration. This displays the Configuration page. Then Click 'VAT', this displays the VAT Configuration Document (below).

 

VAT Configuration Document

VAT Configuration Document

 

Most of the fields are self explanatory.

 

VAT Reporting Periods

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

 

VAT Reporting Basic

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

 

Related tasks and information


Working with VAT Returns

Working with HMRC (UK Specific)

Working with Reports