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VAT UK Chart of Account Codes

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Hi, I am new to NAV and in the process of setting it up. Does it matter at all what VAT codes I set up in the COA for sales and purchases VAT in order for the VAT return to correctly calculate/report? I am guessing not and it's more to do with the set  up of  VAT posting groups etc and the configuration of the return which determines what ends up on the VAT return?

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  • Suggested answer
    Suresh Kulla Profile Picture
    Suresh Kulla 43,745 on at
    RE: VAT UK Chart of Account Codes

    The code does not matter, as long as you have the posting setup combination is set up properly and posting groups it will post to the right account.

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