Create tax and revenue accounts

When you sell your goods, this leads on the one hand to income, which you record in so-called revenue accounts (profit and loss accounts). On the other hand, the sale of your goods results in value-added tax (VAT), which is recorded in so-called VAT accounts so that it can later be paid to the tax office. This is also the reason why product groups in our system are always linked to both a tax account and a revenue account (see the following article: How do I create product groups in the dashboard?).

Separate accounts are created for each VAT rate in order to speed up the reconciliation process during the advance VAT return. In this article, we explain which VAT and revenue accounts are created by default in our system and how you can modify them.

'Where can I find the VAT accounts?

Under the “Taxes” tab, you will find the following VAT accounts:

VAT 19% (Account no.: 1776)
VAT 7% (Account no.: 1771)
VAT 0% (Account no.: 1770)

Where can I find the revenue accounts?

Under the “Revenue Accounts Overview” tab, you will find the following revenue accounts:

Sales Revenue 19% (Account no.: 8400)
Sales Revenue 7% (Account no.: 8300)
Sales Revenue 0% (Account no.: 8200)

How do I change the account numbers?

Since our system uses SKR03 by default, you may need to change the account numbers of the above-mentioned accounts, for example, if your tax advisor uses SKR04.

To change an account number, click on the respective account. A pop-up window will open where you can change not only the account number but also, for example, the name, if needed. After making your changes, click the blue “Save” button.

If, for technical reasons, you are unable to change the account numbers, please go to the menu Settings > Accounting.

Now you need to uncheck the box labeled “Strict mode.”