Improve your tax system, save time and free up business resources using Win Accounting's flexible VAT Automation
While VAT rules share many core similarities around the world, implementation can often be very different - with this in mind, our VAT Code implementation is designed to be holistically flexible, allowing you to meet your specific VAT needs and achieve complete tax compliance
Eliminate the burden of manual VAT processing, minimise human error involved in VAT returns and receive valuable VAT-related information through accounting reports, ideal for speeding up business audits
Use the default VAT Codes provided, or insert unlimited unique codes with ease!
Note: While Win Accounting refers to the concept as VAT (Value Added Tax), the concept and its inner workings are synonymous with that of GST (General Sales Tax)
Managing VAT Codes:
Inserting a New VAT Code
Due to the flexible nature of VAT, the Creditors Control Module allows you to add unlimited unique VAT Codes
When adding a new VAT Code, you'll be able to set the VAT Percentage, a description, as well as a start and end date
Your VAT Code can quickly and easily be selected when capturing a document or entering a transaction
Default VAT Codes
Win Accounting's Creditor Control Module currently has the following default VAT Codes included
Using VAT in Accounting Reports
Creditors Audit Trail:
As mentioned, VAT automation plays an important part is easing the time and resources required for many important business processes
Automation allows financial reports to be processed quickly and accurately, allowing hard copies of financial records to be easily accessed and reviewed
Soft copies of important data can be easily managed and shared with relevant parties at a click of a button
