• Registered: 12/05/2016
  • Posts: 2

Topic: VAT Tax, Bills, etc.

Hello everyone,

I've been working with FrontAccounting almost a week, and it's been great, but I need help with something. Sorry in advanced for my english, I know it's not the best, but I think you can get me.

I work for a company in Panama, and here to calculate the taxes to pay (VAT, IVA, ITBMS in this case, etc.) every month, we have to build a database table with every expense the company has made during the last month, and the ones with taxes (food invoices, tools invoices, services, electricity and telephone bill, etc.) go to a separate table because with these we calculate the ITBMS we have to pay, and the rest of expenses (the ones exempt from VAT like gas, transportation, etc.) go to a reimbursement table.

It's very simple the calculation, but I want to know if I can do it and how could I enter some bills in FrontAccounting?.

Thank you very much.

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

Re: VAT Tax, Bills, etc.

Study the Wiki on Taxes setup discussed in the forums several times as well.
The reporting for taxes both summary and detailed are quite generic in nature and covers most aspects generally needed. Both VAT and GSt and Tax exempt are supported.

https://frontaccounting.com/fawiki/index.php?n=Help.TaxTypes
https://frontaccounting.com/fawiki/index.php?n=Help.TaxGroups
https://frontaccounting.com/fawiki/index.php?n=Help.ItemTaxTypes

apmuthu's Website

3 Reply by cmaestre (edited by cmaestre 12/06/2016 06:05:51 pm)

  • Registered: 12/05/2016
  • Posts: 2

Re: VAT Tax, Bills, etc.

Thank you @apmuthu!