Transfer VAT/input tax liability

Select the desired quarter here to transfer the input tax from the input tax account (asset) to the sales tax account (liability), thereby bringing the input tax account to 0.00.

At the same time, rounding differences are calculated here between the VAT settlement—where unrounded amounts are used and rounded only at the end—and the balance of the sales tax account, where each entry is already rounded to two decimal places.

The amounts are automatically read from the VAT evaluation report and entered here. If necessary, verify the amounts by viewing the report in another browser tab.

Clicking Save creates a journal entry or a collective entry. Now the balance of the sales tax account should equal the tax owed to the tax authorities.