VAT and VAT Registers

You probably already know that: you need VAT reporting for your European business and for many countries around the world.

FCC Accounting System automatically manages and keeps updated your VAT rates in QuickBooks, including European Reverse Charge and Distance Selling VAT. Then extracts your VAT reports in the proper format according to each specific country.

There are two reports that you can extract, ready to be transmitted to the government and archived by you:

• VAT Registers. Those are mandatory in several countries, and they must include a unique protocol number, which is generated automatically for you
• VAT Returns. These include specific grouping criteria for each VAT rate.

And all of that requires just one click (and an active subscription, of course).