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VAT UK Chart of Account Codes

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Posted on by Emma Dolphin

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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Suresh Kulla 43,745 on at

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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.