In the Tax section of Holded, you will find two essential tables to keep track of your taxes: the Tax Summary table and the VAT table.
Although each table shows certain types of information, it is important to know that both automatically retrieve data on the operations you register in Holded, so they will help you to control what taxes are due and to plan your movements.
Remember that in this section you will also find the Tax Calendar so that you can plan the filing of your tax forms.
Tax Summary Table
This table shows the total amounts of each tax in a given period. It will help you to know what the taxable amount (subtotal) and the tax liability (amount of VAT) to accrue.
As you record each transaction, the amounts will be updated automatically and placed according to the taxkeys you have determined in each sales document. For key means the alphanumeric code used to identify the tax.
If you register an invoice with a VAT rate of 21% and a withholding tax of 19%, for example, the information will appear on two different lines, one for each tax. Remember that to access the list of all the operations associated with a tax, you only have to click on the tax you are interested in analysing.
This table shows the total amounts of input and output VAT, together with the VAT balance per quarter. As with the tax table, as you record each transaction, the amounts will be updated automatically and placed according to the tax keys you have determined on each sales document.
If you want to access the list of purchases for a quarter, click on the input VAT.
And if you want to access the list of sales, click on the output VAT.