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> Setup - Receivables
Getting Started With VAT Taxes Play Movie
Value Added Taxes (VAT) or Consumption Taxes are taxes collected from your customer and taxes paid to your Vendors. You can define an unlimited number of Vat Tax Groups to report specific types of Vendors and Customers for taxing reporting purposes. Follow the instructions below to set up your VAT Taxes in NolaPro. Flexible VAT Tax Reports are available.
  1. Activate the VAT Tax Feature for the selected company.
    1. From the Main Menu, select Admin-> Admin Setup -> System Settings.
    2. Click on the Check to Treat Taxes as VAT Taxes box.
    3. To save your changes, click the Save button.

  2. Configure Individual Sales Taxes
    1. Create and assign the VAT Tax Groups to your individual Sales Taxes in the Admin -> Setup-Receivables -> Sales Taxes screen. For more information on completing this step, click on the Sales/VAT Tax link in the Related Topics section at the bottom of this Help screen.

  3. Assign the VAT Tax and Group to your Customer.
    1. Select the VAT Tax and the Group from the drop down list in the Customer New/Edit screen. For more information on completing this step, click on the Customer New/Edit link in the Related Topics section at the bottom of this Help screen.

  4. Assign the VAT Tax and Group to your Vendor.
    1. Select the VAT Tax and the Group from the dropdown list in the Vendor New/Edit screen. For more information on completing this step, click on the Vendor Add/Update link in the Related Topics section at the bottom of this Help screen.

  5. Print your Tax Reports.
    1. Sales Tax Reports can be run by date and VAT Tax Group. From the Main Menu, select Reports -> Billing -> Sales Tax Report. For more information on completing this step, click on the Sales/VAT Tax Report link in the Related Topics section at the bottom of this Help screen.

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