UK VAT Set up

I've created a tax "VAT - EU Reversal" with 20.00 and then change the value  in mySQL table to "-20.00". I've created Tax group "EU Supplier VAT Registered" and assigned 2 taxes. 1 "VAT - STANDARD RATE (20%)" & VAT - EU Reversal (-20%). When the supplier is assigned tax group of EU VAT Suppliers, on invoice 2 tax lines appears leaving total tax amount to 0 but there are 2 entries posted in GL. It works fine.

Quick entries is not very efficient way to do this. A basic book keeper or data entry person will make mistakes. 3 functionalities which needs to be added in Frontaccounting are

1) Tax to be calculated for G/L expense invoices. At present if I have an invoices from accountant for £10,000 + VAT, you have to add new line (or use quick entries) with GL account for relevant VAT and manually calculate VAT amount. This is prone to mistakes and miss posting by a junior person. Again with quick entries user has to input total of VATable amount. This doesn't make a very good ERP system.

2) Add "Direct Posting Allowed" options on all GL accounts. This is very important in small & big companies as this stops junior person to do miss posting to the important GL accounts like VAT, COGS, etc.

3) To be able to assign tax rate to each GL account (just like items). This way you can stop user wrongly entering VAT (tax) to non-VAT supplies.

With my experience on MS Dynamics NAV for 11 years, I think these functionalities will make Frontaccounting a very robust and user-friendly system.

Deven