Managing VAT codes in BigChange is essential for accurate financial reporting and compliance. This guide will walk you through the steps to add and edit VAT codes within BigChange.
Adding a New VAT Code
To add VAT codes in BigChange, follow these steps:
- Select Account Settings from the top menu.
- Select Settings.
- From the side menu, select Financial.
- Select VAT Codes.
- Select Add.
- Enter the VAT code (This will need to match you financial software if you use Sage or Xero for example).
- Enter the Percentage of VAT associated with the selected VAT code.
- Enter a Description of the VAT code selected.
- Select Save.
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Editing an Existing VAT Code
Steps to Edit a VAT Code
- Select Account Settings from the top menu.
- Select Settings.
- In the side menu, select Financial.
- Select VAT Codes.
- Select the VAT code you wish to edit.
- Update the VAT code, percentage, or description as needed.
- Save your changes.
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