taxes

What does “Include the transactions in VAT return” mean and for what type of accounts can it be used?

In the Chart of Accounts section under the Accountant tab, when you select a particular account, an Edit Account comes up. You will see a checkbox against Include the transactions in VAT return.

If the checkbox is selected, any transaction you create for this account will be included in the VAT return that will be generated at the end of the reporting period.

This option will be available for all the Income, Expense and Fixed Asset accounts.

Was this document helpful?
Yes
No
Thank you for your feedback!
Want a feature?
Suggest


Switch to smart accounting software. Switch to Zoho Books.   Start my free 14-day trial Explore Demo Account

Books

VAT compliant accounting
software for small
businesses.