VAT Features

VAT Features
  • Full VAT functionality available for UK VAT registered businesses
  • Custom VAT rates possible
  • Supports Reverse Charge and EU acquisitions
  • Apply default VAT codes to nominal ledger (category) accounts
  • Supports correct treatment of money in from suppliers as input tax reduction and refunds to customers as outuput tax reduction
  • Automated posting of private fuel scale charges
  • Automated posting of quarter end liability to control account