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

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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FA Tax 2.4 RC1.pdf 306.9 kb, 31 downloads since 2016-03-16 

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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

Re: Vat and Tax Setup

Refer the Tax setup pages in the wiki.

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.

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