VAT In Atlanto: How Does It Work?
There are various types of VAT accounting, and these also result in different postings. To understand the basics, please refer to the following article: https://atlanto.ch/en/faqs/what-vat-methods-are-there/
VAT Settings
Ensure that you have configured the correct VAT settings. Under Settings → Accounting, you will find the following VAT-related areas:
- VAT settings: Specify which method you use for invoicing (balance tax rate or effective method, as well as agreed or collected).
- VAT codes: Here you can see which pass-through account is used for each VAT code.
- Chart of accounts: For each account, define whether it is VAT-relevant and, if so, which VAT code should be applied by default. This code is automatically suggested when posting, but can be adjusted manually at any time.
When you subsequently make a posting, Atlanto will always automatically suggest the VAT code stored in your settings.
What Entries Are Made In the Background?
Let’s take the following example. The amounts include 8.1% VAT:
- Liability:
01.02.2025: Creation of liability CHF 1,000 with the account Material expenses
15.02.2025: You pay the liability
- Receivable:
01.03.2025: Creation of invoice for CHF 3,000
15.03.2025: Customer pays the invoice
- VAT return
31.03.2025: Creation of VAT return
15.04.2025: You pay the amount due
Received Method
Agreed Method
Received Net Tax Rate (6.2%)
Agreed Net Tax Rate (6.2%)
