Open topic with navigation
In the accounting settings in Mamut Business Software you can specify how mange VAT periods your company uses. In most cases, you should use the default number of periods that is suggested by the program. Read more about this at www.hmrc.gov.uk (external link) or contact your accountant.
Note! It is important that you check the accounting year and VAT period before entering any accounting data in the program. You can check this by navigating to View - Settings - Accounting and clicking the Periods tab.
You need to know the first and last month of your accounting year, as well as the number of VAT periods and when your first VAT period starts. This information is required for your settings. If you are in doubt, please consult your Accountant.
Note! You cannot change accounting year or VAT periods if you have transferred journal registrations to the nominal ledger.
How to change the number of VAT periods in the program
You have now changed the number of VAT periods for your company.
Note! If the drop-down list is greyed out, it means that postings have been entered within the accounting year and/or the following accounting year has been created. It is then not possible to change the VAT periods for the chosen accounting year.
Getting started with VAT
Closing and reporting VAT periods
© 2019 Mamut Software Ltd. All rights reserved. Right reserved to change the product. Mamut and the Mamut logo are registered trademarks for Visma AS or subcompanies of Visma AS. All other trademarks are registered trademarks of their respective companies.