By default, VAT is not calculated in Acubiz. Instead, it is managed by entering a VAT code for the relevant cost types, allowing the financial system to perform the final VAT calculation. Some older financial systems require VAT to be calculated on a separate line, which is discussed in this article.

This article explains how to maintain and change VAT calculations on additional accounting lines in your Acubiz solution.

Topics covered include:

• Setting up VAT accounts and rate
• Setting up VAT calculation on cost type

Setting Up VAT Accounts and Rates

Navigate to Administrator and select the options shown:

This option is visible only if your Acubiz solution has the function enabled.

Click on the VAT rate:

Make necessary adjustments for the correct VAT rate and account:

Press save.

For different VAT rates per account, follow this setup: The VAT rate must match, as the percentage is defined on the cost type. See Setting Up VAT Calculation on Cost Type below.

Setting Up VAT Calculation on Cost Type

When VAT rates and accounts are updated, reflect these changes in the relevant cost types. The VAT setup section on a cost type:

A VAT calculation (split of VAT) must be specified for this cost.

Examples of setup:

• Full VAT (100% of 25%) can be deducted
  
• Half VAT (50% of 25%) can be deducted
  
• Quarter VAT (25% of 25%) can be deducted
  

VAT rates may vary by country regulations. The examples above are based on Danish rates and rules.

• NOTE: The VAT calculation function does not support reverse charge.