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How to update VAT/GST/sales tax settings in a forecast
How to update VAT/GST/sales tax settings in a forecast

How to change the default VAT/GST/sales settings

Updated over a week ago

When you create a forecast, you can change the default settings around VAT/GST/Sales tax for this specific forecast.

  1. In the forecast, click Controls in the top left.

  2. In the dropdown, click Settings.
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    The settings then appear to the right.
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From this page, you can update the following:

  • If the organisation in question is liable for VAT/GST/sales tax

  • The VAT/GST/sales tax scheme: Cash or Accrual based

  • The VAT/GST/sales tax control account

  • The VAT/GST/sales tax frequency

  • The end of the VAT/GST/sales tax period

  • The default VAT/GST/sales tax rate

  • VAT/GST/sales tax payment terms

Any change made will impact the specific forecast in question and any prediction created from it.

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