In the accounting settings in the Zevoy Hub, set the ledger accounts for ingoing and outgoing VAT. This can also be done when creating the tax code.
Under Tax codes click New tax code.
Add the tax code and a description.
Select the tax code type, options are Reverse or Standard.
Set your VAT accounts.
Save!
Standard VAT: VAT that is included in the price of your card purchase, and refunded later.
Reverse VAT: In special cases (such as when purchasing marketing services outside of your own country, but within the EU), the card transaction does not include VAT. The VAT is instead paid and refunded separately in your own country.
You have now successfully logged all your accounting information into Zevoy. You can now create categories under the provided category groups that link your expenses to your accounts and tax codes.
If your Tax code determines the VAT percentage, you must create multiple categories for the same account.
Setting up for Netvisor integration? Check the instructions here.
Setting up for Procountor integration? Check the instructions here.
Setting up for Merit Aktiva integration? Check the instructions here.
Setting up for Fortnox integration? Check the instructions here.
Setting up for Netsuite? Check the instructions here.