Bookkeeping Settings : Netvisor

This guide covers bookkeeping settings in Netvisor.

You can open the view by selecting Financials > Bookkeeping settings.

Define the bookkeeping settings before you start doing bookkeeping.

Proceed as follows:

Make sure you have read rights to basic accounting functions so that you can access the bookkeeping settings view.
Make sure you have read rights to account management so that you can access the specification of accounts.

Bookkeeping settings affect the bookkeeping section in the background. From the bookkeeping settings you can:

open the specification of accounts
define calculation targets for the company
influence the submission cycle of the VAT declaration.

Through tax rate management, you can add and delete tax rates. Tax rate management requires the following rights:

accountant (KP) rights, or
user administrator (KH) rights, or
administrator of the accounting office (TPK) rights.

Company is not VAT liable

Proceed as follows when the company is not VAT liable:

Select the setting Company is not VAT liable when you want to stop all VAT processing in Netvisor.
Do not select this if the company has even one taxable transaction. In that case, the voucher will not receive a VAT code or percentage.
Remove the selection if the company becomes VAT liable.

Partial VAT deduction

The VAT-free portion of the partial VAT deduction is entered in this field. Proceed as follows:

Calculate the VAT-free portion. If 65% of VAT can be deducted, enter 35% in the field.
Note that this function is only available in accounts payable, during the processing of a purchase invoice.
Note that VAT is not automatically deducted.
Select the desired posting row on the purchase invoice.
On the purchase invoice, press the perform for selected button.
Select the function Partial VAT deduction.

Voucher row specifications visible in the journal

Use the setting as follows:

Select the setting if you want to use row-specific specifications on bookkeeping vouchers.
Leave the setting unselected if you want to use a header-level specification.

VAT tax period

Select the VAT tax period from the following options:

Monthly reporting
Quarterly reporting
Annual reporting

Proceed as follows:

Select the filing period that is suitable for the company.
If you change, for example, from monthly reporting to quarterly reporting, agree with the tax authority how to proceed with the reports that have already been submitted.

Note the recording and reporting of VAT:

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 only according to the selected tax period.

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

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

Frequently asked questions

Question: Where can I find bookkeeping settings in Netvisor?

Answer: Select Financials > Bookkeeping settings. You can access the view when you have read rights to basic accounting functions.

Question: When can I select the setting "Company is not VAT liable"?

Answer: Select the setting only if the company has no taxable transactions at all. If the company becomes VAT liable, remove the selection.

Question: How do I enter the percentage for a partial VAT deduction?

Answer: Enter the VAT-free portion in the field. If 65% of VAT can be deducted, enter 35%. Make the deduction on the purchase invoice by selecting the posting row, pressing the perform for selected button, and selecting Partial VAT deduction.

Question: Who can manage tax rates and change the VAT tax period?

Answer: Managing tax rates requires KP, KH, or TPK rights. Changing the VAT tax period requires the KP role.

Question: How does the VAT tax period affect the periodic tax return?

Answer: VAT is recorded every month, but the creation of the periodic tax return is activated under Self-initiated taxes only according to the selected tax period (month, quarter, or year).

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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