How do I create a new VAT code?

• Related Articles

• How can I control different VAT codes on the same consignment?

  There are two main options to control VAT codes while posting a consignment. These can be set up depending on the type of trade performed by the company. The two settings are the following: Option 1: Default VAT code set on the Supplier The setting ...

• How to Extract the VAT Recapitulative File from SFM

  As from 1 January 2010, the rules for Recapitulative Statements in the VAT Act (Chapter 406 of the Laws of Malta) came into effect.  SFM fully supports this new requirement and you can export the file directly from SFM ready to be imported on the ...

• How do I create a New Company in SFM?

  This guide will walk you through creating a new company within your existing SFM software. Before You Begin Activation Key: You'll need an activation key for the new company. To obtain this, email your desired company name to accounts@shireburn.com. ...

• How to create a Supplier Account in SFM

  To create a Supplier account on SFM: Go to Current Year > Purchases > Supplier Maintenance. Press on the plus (+) sign on the top left of the screen. This will take you to the Supplier Details tab. In the Details sub-tab, input the details for the ...

• How to Process a VAT Return

  Accessing the VAT Table The option to run a VAT return is available from Current Year Menu > Nominal > VAT Table, or from the VAT Shortcut Button.  If the VAT Return date is within your previous financial year, please run the return from Previous ...