Follow

I have become a VAT payer

Have you become a VAT payer and need to know what to do to have VAT records from sales in your business?

In this article, we will guide you through a few steps to ensure the transition is as smooth as possible.

The first step is to notify our customer support by phone/email/chat that you have become a VAT payer and have the confirmation from the tax office ready.

To enable the VAT rate settings function in Storyous, you need to have a closure completed to prevent the situation where, on the same day, you are selling with and without VAT rates.

Once the above conditions are met, a customer support agent will enable the VAT rate settings in Storyous for you. From that moment, you will see a new VAT column in the Products section of your business profile in the web administration.

Now, you just need to select the correct VAT rates for your Products. If you're unsure which rate should be applied to which product, we recommend consulting a qualified accountant.

Important: after setting the VAT rates in the web administration, you must log out and log back into the Storyous app on your cash register/tablet to ensure the new settings are displayed in the POS system.

Once the system is set up and ready, it will begin collecting records for accounting. You can export them from the Accounts section under Revenue Overview.

Note: for a more efficient and quicker setup, we recommend using the “bulk action” function, which allows you to set VAT rates for an entire category at once. In this article, you will find instructions on how to use the bulk action function.

 

Powered by Zendesk