taxes

How is Flat Rate profit accounted for in Zoho Books?

In the Profit & Loss Report, the difference between the Flat Rate paid and Standard Rate will be shown as income under the account Flat Rate Profit once you mark your VAT Return as Filed.

Click here to learn more about filing VAT returns in Zoho Books.

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

MTD ready accounting
software for small
businesses.