Module VAT |
PANTHEON can keep the tax records as required by legislation. Tax ledgers are filled automatically, according to data in the Goods module. Data is sorted by tax rates and sales/purchasing type (e.g. import, sales to end customers, etc.). Tax ledgers include: accounts receivable with received prepayments for national and EU sales, and accounts payable with given prepayments for national and EU purchases. Tax ledgers can be viewed by custom parameters (e.g. for one week, individual subjects, departments, etc.) for analyses and monitoring purposes. Supplying goods to natural or legal persons registered for VAT in the EU requires the supplier to submit a quarterly report, which is created automatically and can be subsequently edited. |