Defer VAT/GST

How to defer VAT/GST in a Futrli forecast.

Updated this week

VAT/GST is automatically calculated for you in Futrli. This includes the option to defer VAT/GST, for whatever reason.

You can find the tool to set up the deferral within each forecast in Futrli.

πŸ“Ž NOTE: This isn't available in a 1 year P&L forecast as the Balance Sheet isn't included in this forecast version.

  1. View your forecast, then click the Balance Sheet tab.

  2. Click on the Current liabilities dropdown.

  3. Next to the VAT account, click Defer VAT.
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  4. On the Deferred VAT/GST payment window you have two options:
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    • Pay deferral in one lump payment

    • Split the payment over 12 months
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  5. Select the relevant option, then enter an amount for the payment.

  6. Select the expected/first payment date.

  7. When you're done, click Confirm.

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