• 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: 6,160

Re: Vat and Tax Setup

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

Post's attachments

FA Tax 2.4 RC1.pdf 306.9 kb, 35 downloads since 2016-03-16 

You don't have the permssions to download the attachments of this post.

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: 6,160

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: 6,160

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