Futrli automatically calculates VAT/GST/Sales tax for forecasts and predictions.
Forecast VAT/GST/Sales tax
When you create a 3-way forecast, Futrli creates a forecast for your next VAT/GST/Sales tax payment or refund.
Futrli calculates this forecast using:
Historical VAT/GST/Sales tax data
Unpaid invoices and bills
Predictions in the forecast
Outstanding VAT/GST/Sales tax payments
View VAT/GST/Sales tax
To view forecast VAT/GST/Sales tax:
Open the Balance Sheet tab
Open the Cash Flow Statement tab
Enable Cash Flow view
These views show the forecast VAT/GST/Sales tax movement.
VAT/GST/Sales tax on predictions
When you create a prediction, Futrli calculates VAT/GST/Sales tax automatically.
You can set a default VAT/GST/Sales tax rate for the forecast and override it for individual predictions when required.
Defer VAT/GST/Sales tax
You can defer a VAT/GST/Sales tax payment from the Balance Sheet tab.