Thanks for this brilliant software!
In Switzerland there are two ways of doing VAT accounting:
Effective reporting: you have to submit a return every quarter. ( like in Manager now )
Reporting using net tax rates: You have to declare your turnover (including the VAT charged to your customers) every six months and multiply it by the net tax rate approved by the Federal Tax Administration (FTA). In this way, input tax is deducted at a flat rate and does not have to be calculated.
- Quotes are without VAT
- i sell products + VAT 8% on Invoce
- Using the Reporting using net tax rates i declare my turnover (including the VAT charged) and pay 3.7% net tax rate approved by the Federal Tax Administration every 6 months.
- VAT that i have paid to my Suppliers is lost.
The second one is used by most of the small business here and i think they will appreciate Manager if there is any way implemented that.