Open VAT Periods and Quarters

To make sure income and expenditure is reported to HMRC in the period they relate to, transactions must not be posted to future VAT periods and quarters. VAT periods and quarters must only be opened for the time frame they are required for.

To open a VAT period or quarter you must be assigned to a user role or user group with permissions to modify the relevant accounts.

A closed VAT period or quarter must not be opened again if the VAT return has already been submitted.

1. Go to Maintenance, then select Accounts.

2. Select the relevant VAT ledger.
3. Select the required VAT account, then Tax.
4. Select EDIT, then from Status, select Automatic.
5. SAVE the details.