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Setup

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Finance Setup

Configure your companies basic financial information
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** Important

This section is not part of an accounting software system. It is designed to provide a basic and general overview of your company’s financial setup, to help you track the profits and deductibles of your business.

Business Currencies

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Clear Currencies
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Currencies Setup
1
Name
Country
Base Currency
1
GBP
UK
2
AUD
Australia
3
USD
USA
4
EUR
Germany
There are no rows in this table
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Sales Tax

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Clear Sales Taxes
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Name
Description
1
VAT (20%)
Value Added Tax (standard rate)
2
VAT (5%)
Value Added Tax (standard rate)
3
VAT (0%)
Value Added Tax (zero rate)
There are no rows in this table
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Sales Tax Rates

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Clear Sales Tax Rates
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Sales Tax Rates Setup
1
Year
Tax
Rate
1
2023
VAT (20%)
20.000%
2
2023
VAT (5%)
5.000%
3
2023
VAT (0%)
0.000%
There are no rows in this table
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Taxes

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Clear Taxes
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Name
Authority
Type
Description
1
VAT Instalments
HMRC
Sales Tax
Quarterly payments to be paid to HMRC if due
2
Employers’ National Insurance Payment
HMRC
Payroll Tax
Monthly or Quarterly Income Tax Instalment
3
Corporation Tax Payment
HMRC
Corporation Tax
Standard corporate taxes, due 9 months after filing of annual report.
There are no rows in this table
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ok

Fantastic!

You have just completed setting up your basic Finance information.
Now proceed to your
Clients Setup
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