Configure the ledger, journal and VAT
You add the ledger account(s) and journal(s) that you need to journalise the integration entries. You must also configure/check everything that is needed for a correct calculation and registration of VAT amounts.
To configure a ledger and journal:
- Add the ledger accounts that you need in the article groups, integration types and integration accounts.
- Add the journals in which you generate the integration entries.
- Check or add VAT codes that you need to calculate and enter VAT amounts in invoices and entries.
- Configure the VAT/ICP declaration if you want to generate the VAT declaration automatically from Profit.
Click here for examples of different scenarios for VAT configurations.