Why is disabled Financial Localization and VAT

Accounting and inventory IFRS/GAAP suite for SMB. General questions. See 1C:AccountingSuite details

#1
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Company: AVA HUB LTD

Why is disabled Financial Localization and VAT from general settings in last version 1.1.35.03, not all the customers are from US..., or Acountsuit is made just for US market???

 
#2
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Hi Dan,

Currently we decided to pull out the VAT functionality to concentrate on releasing a new version the sales tax functionality for the US market. We are looking for a partner in Europe who would extend AccountingSuite to support VAT, or develop an integration with VAT calculation services (such as Avalara AvaTax with Global Calculation).

Best,

Konstantin
AccountingSuite

 
#3
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Joined: Nov 1, 2011
Company: Data Service OÜ

I have reviewed a lot of online Best-In-Class accounting systems.
Some of these make very simple - they give a possibility to count Sale tax (most probably - exactly for VAT) in purchases. It is not full VAT-system yet but it simplifies tax accounting.

By the way, the common VAT-accounting in EU countries differentiates:

In sales:
- Sales within their own country (by VAT rate, %) (turnover and tax amounts)
- Sales in other EU countries
-- Sale of goods to other EU countries (turnover amount)
-- Sale of services in other EU countries (turnover amount)
- Export
-- Exports of goods (turnover amount)
-- Exports of services (turnover amount)
In purchases:
- VAT sums on purchases within the country (tax amount)
- Purchases from other EU countries
-- Purchase of goods from other EU countries 0% (turnover amount)
-- Purchase of services from other EU countries 0% (turnover amount)
-- Purchases from other EU countries with the obligation to pay VAT (by VAT rate, %) (turnover amount)
- Imports of goods and services (turnover amount)

I mean it may be realized without any complicated changes.
It will be better than nothing.

 
#4
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Maksim,

Currently we don't have plans to add VAT functionality in the core AccountingSuite. We are however certified with Avalara for VAT calculation:

Avalara AvaTax with Global Calculation

A partner could develop a VAT module for AccountingSuite, if there is a need for that.

Best,

Konstantin

 
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