VAT Reporting and Deposits

Ask your accountant or your local VAT agency if your government wants VAT paid on an accrual basis (when the sale is "booked") or a cash basis (when the merchandise is paid for). Accounting Plus offers reports for each situation.

Note: Accounting Plus provides for up to 10 separate VAT codes. If you need to report to more than 10 VAT jurisdictions, you should assign an identifier to every customer card which corresponds to their VAT jurisdiction. That way you can use the Identifiers field in the Report Filters window to select only those customers within the desired VAT jurisdiction.

Use the following reports to prepare VAT deposits and returns.

For a summary overview of VAT collected and paid use:

VAT [Summary]

For a detailed view use:

VAT [Detail]

Note: If you are allowed to remit VAT on a cash basis (remit VAT only on money received, not on sales booked), use the "Cash" versions of the above reports.

Note: Once you settle on the list of reports you like to run every month, consider creating a report batch for them. Refer to What's a Report Batch? for more information.