Reporting VAT > Setting up VAT codes
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Glossary Index
Setting up VAT codes
VAT codes are used to track VAT paid to and by your business. Each VAT code represents a particular type of VAT, which is used to calculate VAT on your transactions.
AccountEdge software has a list of VAT codes that can be used in a variety of situations—for example, when doing business with EC customers or when tracking capital acquisitions and so on. You can also create an unlimited number of VAT codes. For more information on setting up VAT codes for EC sales and EC purchases, see EC sales and EC purchases.
To add a VAT code
Assigning VAT codes to accounts
Assigning VAT codes to items
Assigning VAT codes to cards
Related Topics
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VAT reports
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EC sales
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EC purchases
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Entering sales
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Entering purchases

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