• From: South Africa, Swaziland
  • Registered: 08/11/2011
  • Posts: 4

Topic: Vat and Tax Setup

Hi,

Please see process we use for Vat and Tax setup for various scenarios (2.4RCI), there are 4 steps applied.

1. Setup GL accounts (Chart of Accounts) based on tax types

2. Create "Item Tax Types"

3. Create " Tax Types"

4. Create "Tax Groups"

More can be seen here   https://www.raxsonic.com/frontaccounting/index.htm

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,089

Re: Vat and Tax Setup

Difference compared to FA 2.3 would be useful if illustrated.
Attached is your page in PDF.

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apmuthu's Website

  • From: UAE, Dubai
  • Registered: 06/04/2018
  • Posts: 3

Re: Vat and Tax Setup

The below link doesn't work. I would like to know how to setup tax in FA. The given details are not that much clear.

erikvs wrote:

Hi,

Please see process we use for Vat and Tax setup for various scenarios (2.4RCI), there are 4 steps applied.

1. Setup GL accounts (Chart of Accounts) based on tax types

2. Create "Item Tax Types"

3. Create " Tax Types"

4. Create "Tax Groups"

More can be seen here   https://www.raxsonic.com/frontaccounting/index.htm

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,089

Re: Vat and Tax Setup

Refer the Tax setup pages in the wiki.

apmuthu's Website

  • From: UAE, Dubai
  • Registered: 06/04/2018
  • Posts: 3

Re: Vat and Tax Setup

Do you have a YouTube version of this setup ? It is really not working for UAE. Only standard rate of 5% is working well. Other taxes like zeroed taxes, exempt taxes of the items sold have to be calculated and reported to authorities . I could not find a solution for this . Please help.

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,089

Re: Vat and Tax Setup

Here are some FrontAccounting YouTube videos - they do not directly refer to taxes but you can search therefrom.

https://www.youtube.com/watch?v=V3JAinekq5A
https://www.youtube.com/watch?v=GpriCbSqEEk
https://www.youtube.com/watch?v=AVnG8lj3oS0
https://www.youtube.com/watch?v=pwSz2H0otnA

apmuthu's Website