Visma eAccounting Standard
VAT
What is VAT?
VAT (value added tax) is a tax that is added for all sales of goods and services that must be declared to
.VAT rates
VAT report
Your company's turnover is what determines how often you must report VAT. Visit the
Under Accounting - VAT report, a list is shown with those VAT reports created previously. When you click on a line in the list, it opens and you can see how the VAT report was posted to the ledger.
The next steps are taken when you work with a VAT report:
When you select New VAT report, the program compiles the VAT report completely automatically. The program also checks whether any VAT amount seems to have been incorrectly entered.
If everything is correct, then step one, Create VAT report, is all you need to do.
How the VAT report is compiled
When e.g an invoice is
If the program finds any VAT amount that seems to have been incorrectly entered, the Journal entries to check link is activated at the bottom right of the New VAT report window. The number of journal entries with a deviating date or sum is shown there.
Read more about how to determine which journal entries require correction in the topic VAT report deviations.
If there is an error that requires correction, stop your work with the initiated VAT report by closing the New VAT report window. Otherwise, there is a risk that the corrections will not be incorporated when the VAT report is registered. Once the corrections have been made, you create a new VAT report for the period in question.