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Finance Setup
Configure your companies basic financial information
** 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
Clear Currencies
Currencies Setup
Name
Country
Base Currency
GBP
UK
AUD
Australia
USD
USA
EUR
Germany
There are no rows in this table
Sales Tax
Clear Sales Taxes
Name
Description
VAT (20%)
Value Added Tax (standard rate)
VAT (5%)
Value Added Tax (standard rate)
VAT (0%)
Value Added Tax (zero rate)
There are no rows in this table
Sales Tax Rates
Clear Sales Tax Rates
Sales Tax Rates Setup
Year
Tax
Rate
2023
VAT (20%)
20.000%
2023
VAT (5%)
5.000%
2023
VAT (0%)
0.000%
There are no rows in this table
Taxes
Clear Taxes
Name
Authority
Type
Description
VAT Instalments
HMRC
Sales Tax
Quarterly payments to be paid to HMRC if due
Employers’ National Insurance Payment
HMRC
Payroll Tax
Monthly or Quarterly Income Tax Instalment
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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You have just completed setting up your basic Finance information.
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