Manage VAT with hdpos smart pos software

Posted Date : 16-December-2017
  • HDPOS smart is a complete Business management software
  • Your can manage your Billing, Accounts and Inventory
  • Design and print your barcode stickers
  • Customize your sales invoice
  • You can do complete data entry in Arabic language
  • SMS and Email integration
  • Manage your upcoming Taxes and file your Tax return
Handling VAT in HDPOS smart

  • HDPOS smart has extremely flexible Tax management modules.
  • This billing software can handle current taxes of different countries and are already ready for tax changes like VAT.
  • HDPOS smart allows you to define custom tax on your items.
  • The tax structure feature allows you to manage taxes like VAT, GST, IGST, CGST, SGST etc.
  • You can change your tax definitions in the way tax applicability changes time to time.

Handling VAT in Hyper Drive Products

  • Government of UAE and some other countries will be introducing VAT from 1st January 2018.
  • As a business owner, you might need to charge taxes on your sales, and then report and file tax return to your government.
  • You will have a need to file separate tax return for sales and purchases.
  • This task of collecting different types of taxes and doing the correct tax reporting can be little daunting and overwhelming.
  • HDPOS smart can help you easily define & manage your tax automatically, handle your sales and purchase tax calculations.

HDPOS Smart: VAT Compliant Software

  • Tax set up in HDPOS smart is very simple and easy, you can set up different tax rates for your purchase and sales.
  • Once you set up tax rates for sales and purchases, whenever a sale or purchase is recorded, all the related tax transactions are auto generated in the system without any user intervention.
  • When you start with HDPOS smart for the first time, you need to set up all taxes that are applicable in your business. Later these taxes be applied to your sale and purchase.

Defining Tax

  • You can easily define your Taxes like VAT 5%, VAT 0%, Vat exempt etc.
  • HDPOS smart will auto generate Tax account for Sales (Tax Name – Sales A/C) and Purchases (Tax Name- Purchase A/C) for each tax rate that you added in the system and these accounts will record tax transactions in the system whenever a sale or purchase is made.

Adding Tax to your Products

  • Easily apply your tax to your products.

  • Make your sales bill with complete VAT details
  • Purchase your items from supplier with VAT applied.


Generating Reports

  • Input (purchase) Tax and Output Tax (Sales)
  • HDPOS smart records the Input and Output Tax transactions in the system, when you file your VAT returns to the authorities.
  • In HDPOS smart, all this transactions are recorded automatically whenever sale or purchase entry is created in the system and provides you tax details via reports.
  • Purchase (Input Tax)
  • On your Purchases, you need to record an Input Tax (Purchase Tax). Input tax will be automatically recorded whenever you create a purchase entry in the system.
  • Sales (Output Tax)
  • On your Sales, you need to record an Output Tax (Sales Invoice Tax). Output tax will be automatically recorded whenever you create sales invoice in the system.

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