How does accounting software handle SST on invoices?
Each invoice line can have its own tax code. SST on supplier bills is recorded as cost, because SST has no input tax credit. If your company is not registered for SST, you say so in Settings and new invoices carry no SST.
On your invoices
Each invoice line can have its own tax code, so one invoice can hold taxed and untaxed items.
On supplier bills
SST on a supplier bill is recorded as a cost, because SST has no input tax credit.
If you are not registered
Say so in Settings. New invoices then carry no SST, and there is no SST-02.
SST-02
If you are registered, SST-02 is worked out from the tax codes on your invoices and can be exported. Your accountant decides which line of the form a sale belongs in.
Questions bosses ask
Does my accountant need to redo the tax?
No. The tax codes are on every invoice line, so your accountant reviews what is already there.
Updated · Lucco Technology
