VAT periods

In AbaNinja, you can define and manage VAT periods under the VAT settings. These periods determine which time intervals the VAT billing applies to. You can set different periods, such as quarters or months, depending on your billing method and legal requirements. Each VAT period has a start and end date and is used for the creation of the VAT billing.

Benefits:
Properly defining VAT periods is essential for accurate and lawful VAT billing. By managing the periods, you keep track of already billed periods and can create new billing periods or adjust existing ones. This helps you to meet your tax obligations on time and correctly.

Tips and hints

• VAT periods can only be edited for active and not yet completed periods. Completed VAT billings are generally not changeable.
• Deleting VAT periods: You can delete a VAT period if it has no bookings.
• Consider billing method: The available VAT periods and their length (monthly, quarterly, annually) depend on the billing method you have chosen.
• Automatic calculation: AbaNinja supports the automatic calculation of VAT based on the bookings within the defined periods.
• Changing billing method: Note that the billing method cannot be changed quickly after the first booking in the fiscal year. Changes are only possible quarterly and under certain conditions.
• Closing VAT billing: After closing a VAT period, you can close the VAT billing in AbaNinja. This prevents further changes and signals that the period has been processed tax-wise.
• Creating new VAT periods: If a new VAT period is needed, you can add it manually and fill in the correct data.