When a company starts using Netvisor and the opening balances have been entered as desired, the next step often involves making the first VAT calculation.

The situation is made easier if, after entering the opening balances, the VAT lock is manually set to the desired point. The setting is done in Financial Management > Financial Statements > Fiscal Year Management > Locks widget > VAT Lock field:



In the image above, the lock is set to the end of the fiscal year, and no entries can be made before that date. The first period in which the VAT calculation can be recorded is 1/2021.

The notification period of the periodic tax return should be considered when starting VAT calculations in the system. The notification period is defined in Financial Management > Settings > Accounting Settings > Accounting and Obligations Settings:



Monthly reporting: Each VAT month is calculated and locked, reporting is done monthly. VAT is locked to the last day of the respective month.

Quarterly reporting: Each VAT month is calculated and locked, reporting is activated only for the last month of the quarter.

Annual reporting: Each VAT month is calculated and locked, reporting is activated for the last month of the year.

Keywords: VAT calculation, VAT lock, starting use, fiscal year, periodic tax return, notification period, monthly reporting, quarterly reporting, annual reporting, accounting


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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