VAT (Summary) and VAT (Summary - Cash) reports

These reports total VAT transactions for each VAT code. They can be customised for any date range and for a single VAT code or all of the VAT codes.

Remember the VAT (Summary) gives amounts payable and recoverable, but VAT (Summary - Cash) gives amounts actually paid and collected.

See samples of these reports:

VAT [Summary]
VAT [Summary - Cash]

An example of the VAT (Summary) report is shown below.

The line below "Total," labelled "Less EC Purchase VAT" will only affect your reports if you are involved in intra-EC trade. If you are involved in intra-EC trade, see Using Accounting Plus for Intra-EC Trade, which describes the effect of this line.