VAT

 

To get a detailed and valid calculation of the cash budget and its effect on Profit & Loss, it is important that the settings for VAT payments and interest income are true to the conditions for the company.

How to Create Settings for VAT

VAT

Start by specifying whether you pay VAT every month or every quarter. Next, specify when your bank pays out or withdraws interest on your Profit & Loss account. It is also a good idea to check the VAT settings in the financial accounts.

VAt code

The VAT payments automatically reflect the payment schedule created by the tax authorities.

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