News / Smart Swedish VAT 23.2

2024-05-22

Smart Swedish VAT 23.2

News Smart Swedish VAT

The latest release of Smart Swedish VAT may only contain one new feature, but it sure is a good one.

We added new Transfer Rules functionality which allows for more precise control over how tax account entries are transferred based on the text in the entry and the sign of the amount (positive or negative).

Imagine your tax account has entries with the text “Sales Tax.” Depending on whether the sales tax is a payable or receivable amount, you want these entries to be transferred to different accounts:

Positive Amounts (Payable):

These entries could be transferred to an account for payable sales tax.

Negative Amounts (Receivable):

These entries could be transferred to an account for receivable sales tax.

By configuring the transfer rules as described, your system will automatically handle these distinctions, ensuring that entries are accurately recorded and transferred

Read more about this and other functions in Smart Swedish VAT here. 

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