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Note. Any changes made on this form are applied immediately – you don't need to save them.

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The General Settings form

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Setting

Description

Output VAT Transaction Method

This setting defines how the output VAT is recorded in GL journal entries. Select one of the following options:

  • Exclude from revenue: To record the increase in revenue as a VAT-excluded amount.
  • Include in revenue: To record the increase in revenue as a VAT-included amount. Then, another transaction deducts the output VAT amount from revenue and post it to the dedicated GL account (Output VAT account).

VAT Accounting by Emirate

Select this option if your company operates in UAE, because each company must report all the VAT-related data by emirate even if the company operates strictly within one emirate only. Selecting the option enables the Emirate field / column in the sales documents.

Do not select this option if your company operates in another country.

Enable Tax GroupsSelecting this option enables the functionality of tax groups. Several businesses under common ownership that use a single consolidated accounting system may be registered as a tax group and treated as a single taxable person for VAT purposes, that is, file consolidated VAT Returns. For details, see Overview of Tax Groups.

Tourist Tax Refund

Selecting this option enables the functionality related to tax refunds made to tourists.

Advanced VAT Calculation

Select this option to enable the system to collect the VAT data on purchase documents separately for supplies that are exempt from VAT and supplies that are subject to VAT.

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