Futrli calculates VAT/GST/Sales tax automatically. If you need to delay a payment, you can create a tax deferral in your forecast.
đ NOTE: You can defer VAT/GST/Sales tax in a 3-way forecast. This option isn't available in a P&L budget because it doesn't include balance sheet accounts.
Go to Forecasts, then open the forecast.
Open the Balance Sheet tab, then expand Current liabilities.
In the VAT/GST/Sales tax account, select Defer VAT.
Depending on your region, this option can display as Defer GST or Defer Sales tax.
Choose one of the following options:
Pay deferral in one lump payment
Split the payment over 12 months
Enter the payment amount, then select the payment date.
Use the first payment date if you're splitting the payment.Select Confirm.