Set-up Vat in Pastel

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Elijah
    Bronze Member

    • May 2012
    • 129

    #1

    Set-up Vat in Pastel

    Hi All

    Would like to know what the best approach is: I have a client running a retail company, which is not Vat registered and they only intend to register for Vat if/when compulsory. Do I choose the No Tax/Vat option in Pastel under Setup -- Tax -- General Settings. And then if 2/3 years down the line the company has to compulsory register for Vat, just change the option to the Vat Option. Is it as simple as that or am I missing something.

    Many Thanks
    Elijah
  • Neville Bailey
    Diamond Member

    • Nov 2010
    • 2786

    #2
    Yes, it is as simple as that!
    Neville Bailey - Sage Pastel Accounting Consultant
    www.accountingsoftwaresupport.co.za
    neville@accountingsoftwaresupport.co.za
    IronTree Online Solutions

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

    Comment

    • Elijah
      Bronze Member

      • May 2012
      • 129

      #3
      Thanks Neville, much appreciated

      Comment

      Working...