VAT / Sales Tax operational restrictions

Tax calculations are only performed at the Professional level of operation.

If you have made tax entries and then revert to the Beginner or Expert level, all entries will be shown at their gross amount. No tax summary amounts will be posted to the Tax Collection accounts, and no detailed lists of tax items will be available.

When you return to the Professional level, all these facilities are restored. No information is lost by switching between skill levels.

Automatically calculated tax amounts can only be entered from Bank, Charge, Customer or Supplier accounts.

You are not allowed to enter an automatic tax entry with the offsetting account being another Bank, Charge, Customer or Supplier.

You will not be able to change or delete the Net amount of an automatically calculated item in the offsetting account. This can only be done from the originating Bank, Charge, Customer or Supplier account. There is no such restriction on non-tax items.