VAT Rates, Treatments and Other Reports

How to set default VAT rate & treatments
Whenever you create a new invoice or bill, and the VAT rate and VAT treatment are not set in the Customer's & Supplier's settings you can set ...
Fri, 21 Feb, 2020 at 12:14 PM
How to enable and use the Domestic Reverse Charge for building and construction services
This guide will explain how to record a Domestic Reverse Charge (DRC) for building and construction services transactions.    You must use the reverse cha...
Thu, 28 Jan, 2021 at 9:25 AM
How to enable VAT Domestic Reverse Charge for building and construction services
This guide outlines the required process to enable the VAT CIS Domestic Reverse Charge functionality within Clear Books.  Step 1. To enable the VAT...
Fri, 14 Feb, 2020 at 1:28 PM
VAT reconciliation for Invoice Accounting
On the standard invoice accounting scheme, VAT from invoices Credit the VAT control account and VAT on bills Debit the VAT control account. Therefore, the V...
Tue, 18 Feb, 2020 at 11:02 AM
VAT comparison Tool
The tool enables users to compare VAT liabilities under Standard VAT - in which VAT is based upon the difference between VAT charged to customers and VAT pa...
Thu, 30 Apr, 2020 at 10:58 AM
VAT Exceptions Report
In Clear Books, transactions are locked to a VAT return once a return is saved as a draft. The VAT exceptions report will only show those transactions that ...
Tue, 14 Jul, 2020 at 5:40 PM