If gross is used as the VAT method in accounting:
Since VAT is calculated at the end of the period in the gross method, the reporting needs of the customer determine how the accounting periods should be established, either monthly or according to the VAT reporting period. If monthly reports are printed for the customer, the periods should be established monthly. In this case, VAT calculation should be done for each month to ensure that the reports are accurate. In order to send the VAT declaration directly to the tax authorities from Finago Modular Accounting, the monthly VAT calculations should be first deleted and then recalculated according to the reporting period. The VAT calculation for the specific reporting period can be done by filtering based on dates.
If net is used as the VAT method in accounting:
The periods should be established according to the reporting period, and the VAT calculation is done at the end of the reporting period. Since VAT is recorded with each export, it is possible to print reports for the desired period, for example, only for a month.