This chart shows the VAT Balance – the difference between the VAT on Sales Invoices and the VAT on Purchase Invoice.
The positive column (green bar) shows the obligation to pay the VAT – the situation when your VAT on Sales Invoices (Output VAT) exceeds the VAT on Purchase Invoices (Input VAT) in a given time period.
The negative column (blue bar) shows the excessive VAT deduction – the situation when your VAT on Purchase Invoices (Input VAT) exceeds the VAT on Sales Invoices (Output VAT) in a given time period.
Invoices are allocated monthly by their accounting date (usually the Date of Supply on Sales invoices and the date of Receipt of Purchase invoices).
This chart is visible only for users in the following groups: Supervisor, Financial Supervisor and Finance.
The source for chart data can be found in:
1. The VAT report in the Report section. Use the proper filters (breadcrumbs) to see the relevant data (accounting date).
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