Use assisted setup to set up VAT
The assisted setup guide helps you automate VAT calculations for sales and purchase documents.
First, you need to set up the VAT rates that apply to customers, vendors, and items in different markets. Then, specify the accounts that you must post VAT to. If you occasionally use VAT rates that deviate from standard rates, you have an option to enter clauses that explain why to your tax authorities.
After you have posted transactions, you can no longer use the Assisted Setup functionality. To avoid mistakes, you'll then have to manually set up VAT calculations.
To start the assisted setup guide, follow these steps:
Select the Search for Page icon in the top-right corner of the page and then enter Assisted Setup.
Select Set up VAT.
Follow the steps of the assisted setup wizard.