VAT Setup

Accounting Software screenshot vat setup

Accounting Software screenshot vat setup

Follow the VAT Setup registration wizard to set your VAT details.

The VAT Setup wizard is only available if you un-ticked the VAT Registered box in the Company Setup wizard (when you first started Business Accountz).

It will ensure you have VAT Control account added to the Current Liabilities group in the Chart of Accounts. All Vatable transactions are displayed in the VAT Control account. It is a simple way of checking your complete VAT history. The balance should always agree with the current VAT Return.