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VAT Accounting

 

 

VAT Accounting Software

Small business VAT invoicing, accounting and VAT returns filing software


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Accounting Software for Small business

TopNotepad is a simple software for VAT Accounting and Invoicing. You can create VAT compliant invoices and log expenses. The software automatically calculates your Net VAT liability on a real time basis.

VAT Accounting entails tracking the VAT collected on all invoices and tax paid on all expenses. The difference between the two gives you net VAT liability for a business.

While VAT accounting is simple, it could be overwhelming to manually maintain record of tax collected on each invoice and tax paid across different expenses. The best way to manage VAT is to use a VAT accounting software.

A VAT accounting software would have inbuilt reporting to track various aspects related to VAT return filing and compliance.

Many countries including United Kingdom (UK), Kingdom of Saudi Arabia (KSA), United Arab Emirates (UAE), Ireland, Egypt, South Africa have VAT in place.

Businesses across these countries are expected maintain record of taxes collected & paid for sales of goods and services. An accounting software for tracking VAT liability is the best solution.

A VAT accounting software will not only help in tracking the tax but also serve as a source of up-to-date financial information of business, a ready tool for bookkeeping.

Maintaining digital record of all transaction in an online accounting software can have many advantages like:

- Access to data anytime, anywhere
- Easy return filing & compliance
- Updated information can drive smart decisions
- Not dependent on one computer

You would find many tools online for invoicing, bookkeeping and compliance. However not all tools are simple and affordable. TopNotepad not only simple but also a very affordable solution for small business accounting. Anybody who has the ability to perform a search online can use this tool, no special skillsets required for using out accounting software.
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