VAT Types Tutorials

• QuickEasy BOS has features to expertly handle most countries’ VAT or GST requirements.
• The software is also suitable for organisations who are not registered for either VAT or GST.
• Organisations can create an unlimited number of VAT or GST Types and allocate a percentage to it.
• Default VAT/GST Types are chosen when creating Transaction Types, including whether the VAT or GST should be considered Input or Output. However, these defaults can be edited when transactions are entered (e.g. if the supplier is not registered for VAT).
• The documentation refers to VAT, but the concepts are the same for GST.

Navigation: Main Menu > Setup > Accounting > VAT Types (tab)

These tutorials explain how to create the VAT Types you must have to comply with your country’s VAT regulations.

How to Create a VAT Type 

If your country’s VAT regulations require VAT information for different areas, you can create a VAT Type for each area (e.g. VAT Standard Dubai).

1. Navigate to Main Menu > Setup > Accounting > VAT Types (tab).
2. Click Edit (button).
3. Click the top row and fill in the details as follows:
   1. Code = Type a short description for the VAT Type.
   2. Description = Type a description for the VAT Type.
   3. VAT % = Type the prevailing VAT Rate for the VAT Type.
      1. For zero-rated or exempt transactions, type 0.
      2. For VAT-only transactions (e.g. VAT on imports) type 100.
4. Continue to add VAT Types as needed.
   • Note: If you use Tab (on your keyboard) to navigate across the fields, a new row is opened after you enter the VAT rate and press Tab.
5. Click Save (button).

How to Edit a VAT Type 

1. Navigate to Main Menu > Setup > Accounting > VAT Types (tab). 
2. Click Edit (button).
3. Make any changes.
4. Click Save (button).

How to Delete a VAT Type 

VAT Types that have been used, cannot be deleted.

1. Navigate to Main Menu > Setup > Accounting > VAT Types (tab).  
2. Click Edit (button).
3. Click the very last column to display an X.
4. Click the X to delete the entry.
5. Confirm the deletion on the popup.