Cash VAT

View - Settings - Accounting - Module settings - Cash VAT

All transactions such as raising invoices, posting purchase invoices, cash-transactions, posting payments and VAT will be calculated and transferred to the system's VAT-return as per the accepted Cash VAT accounting principles.

Please note that the system will only allow a change between Cash VAT and Standard VAT from the beginning of a VAT period which has no postings. If postings have been made, the VAT scheme can be changed in the next VAT period that does not contain any postings.

Changing VAT accounting methods from Cash VAT to Standard VAT

Select View - Settings - Accounting.
Click Cash VAT in the Module Settings tab.
Un-tick the VAT-period onwards from which Standard VAT accounting will be used.

You have now changed the VAT accounting method.

Note! The method of entering opening balances for Cash VAT is different to normal VAT method. For more information please see the Accounting Startup document on the Download pages of Mamut's home page.