Bookkeeping Settings : Netvisor

This guide covers bookkeeping settings in Netvisor.

It is advisable to define the bookkeeping settings first before starting to do accounting. You can find the settings under the Financials heading > Bookkeeping settings.

You can access the bookkeeping settings view if you have read rights to basic accounting functions. You can access the specification of accounts if you have read rights to account management.

Bookkeeping settings affect the bookkeeping section in the background. From here, you can access the specification of accounts, define calculation targets for the company, and influence the submission cycle of the VAT declaration.

Through tax rate management, it is possible to add and delete tax rates. Tax rate management requires the rights of an accountant (KP), user administrator (KH), or administrator of the accounting office (TPK).

Company is not VAT liable
If the company is not VAT liable, selecting this option will stop all VAT processing in Netvisor. If the company has even one taxable transaction, this option should not be selected. For example, a voucher will not receive a VAT code or percentage.

Partial VAT deduction
The VAT-free portion of the partial VAT deduction is entered in this field. If 65% of VAT can be deducted, enter 35% here. This function is only available in accounts payable, during the processing of purchase invoices. VAT is not automatically deducted; instead, the desired posting row must be selected, and the button for partial VAT deduction must be pressed on the purchase invoice.

Voucher row specifications visible in the journal
If selected, row-specific specifications can be used on bookkeeping vouchers. Otherwise, a header-level specification is used.

VAT tax period
Monthly reporting, quarterly reporting, and annual reporting. The accountant can change the filing period, but if, for example, switching from monthly to quarterly reporting, arrangements must be made with the tax authority regarding already submitted reports.
VAT is recorded every month, regardless of which of these three filing periods is chosen. The creation of the periodic tax return is activated under Self-initiated taxes, but only according to the selected tax period.

If annual reporting is selected and the company's financial period is not the calendar year, the notification is still made annually according to the tax authority's request.

Update button saves the changes. Changing the VAT tax period requires the accountant role.

Keywords: Bookkeeping settings, non-VAT liable company, VAT tax period

This article has been translated using an AI-based translation tool. The contents or wording of these instructions may differ from those in other instructions or in the software.

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