How to Calculate a VAT Return

What this does

Calculates the nine boxes of your VAT return based on transactions in the period, using standard UK VAT accounting.

When to use it

At the end of each VAT period (usually quarterly).

Step by step

1. Go to Reports in the top navigation and select VAT
2. Set the Period Start and Period End dates
3. Click Calculate
4. Review each of the nine boxes — hover over a box to see which transactions contributed
5. When satisfied, click Mark as Filed to lock the period