Beginner Ervaren Expert
VAT is the tax you pay on your sales. You calculate the VAT in the price for your services. Every month, quarter or year, you file a tax return and pay the VAT. VAT that you have paid yourself on business expenses can be deducted.
How do you do that?
The VAT rates are already filled in for you by Coachview with the percentages 0, 6, and 21%. You can change them yourself, remove them, or add new VAT rates.
What do you have to look for?
Is Coachview linked to your accounting system? Then the codes for the different VAT rates in your accounting system must match the codes in Coachview. Below you can see an example.
|Where do you use a VAT rate?|
A VAT rate is used for a sales and purchase rule.
|Setting VAT rates:|
You do this via Function group 'Financial' and the function 'VAT'.
Fill in the following details:
|Code||A short code.|
Note: link your Coachview to your accounting system, then adopt the correct codes from the accounting system.
|Name||The name of the VAT, for example 21%.||Yes|
|Percentage||This is a value between 0 and 1. Fill in 21% as 0.21.||Yes|
|General ledger account||Here you can select a general ledger account for the VAT rate. By default, you already have a choice of two general ledger accounts. If you need more than one, you can do so by clicking on the plus button, or via the 'General Ledger Account' function.||Yes|