VAT Report

Rillet provides detailed reports that categorize VAT transactions into income and expense sections, helping businesses comply with tax regulations and file VAT returns accurately.

To View VAT Taxes Report:

To see and export the VAT Report, go to Reporting > VAT Report.

In the VAT Report, you will find:

• Revenue Transactions: Displays invoices and credit memos, showing:

  • Net amount of each transaction.

  • Applied VAT rate.

  • VAT amount.

  • Total amount after tax.

• Expense Transactions: Groups all expenses by standard categories, providing the same breakdown as revenue transactions.

This structured format ensures that VAT amounts are correctly accounted for and simplifies tax return filings.