VAT Output Report and Vatable Accounts Inquiry

Just want to find out;

1. How do I view VAT Output Report on this system?

2. Does the system come with already set vatable accounts on the main chart of accounts. How does one identify them on the system?

Thank you.

Posted by Kenny Makumbe on Nov 26, 2019 1:27 PM GMT

Hi Kenny,

1. To see how Solar Accounts calculates the VAT return figures, go to the
   Reports list and select 'VAT Period Detail'.

2. The chart of accounts includes a 'VAT Liability' account which Solar
   Accounts uses when you set the VAT rate on a sale or purchase to 20%. Note
   that there are also more VAT settings per transaction which you can view by
   clicking More Options > VAT Treatment in the transaction window.

Posted by Solar Accounts Customer Support on Nov 26, 2019 1:36 PM GMT