Version 2008 - ABAS Software AG

The standard account assignment as well as the default setting of the
account properties generate the automatic system suggestions when the
accounts are used, e.g. when financial entries are generated
automatically.
Overview of the chart of accounts
• Individual charts of accounts
• Allocation of summarization accounts (hierarchical)
• EU accounts and foreign accounts for revenues and the purchase of goods
• Cost type allocation
• Specification of the mandatory entry of a cost center / cost object in an account
3.12.2. Taxes
Any number of tax codes and tax periods can be defined in abas ERP. An
individual tax rate can be assigned to each tax code for each tax period.
Tax periods can be defined for each month. You are therefore able to
adjust to any statutory tax change, even several times during one fiscal
year.
The tax deduction can be made at 100% but also at any lower
percentage rate. The tax codes are allocated to tax and cash discount
accounts so that the correct backdated tax calculations for each point in
time is guaranteed.
Advance VAT return
The advance VAT return items can be defined as desired and the
accounts can be flexibly allocated. As the accounts and the advance VAT
return item are both used in financial entries, the advance VAT return
figures will always be up-to-date. Advance VAT returns can be created
individually as long as they observe legal regulations. Country-specific
adjustments are possible. This can be traced by meaningful account and
entry reports.
In addition to the electronic advance VAT return via Elster, abas ERP also
supports the print output. Update programs and PDF printouts are
provided to the abas customers every year.
Overview of taxes
• Any number of tax codes and tax periods can be defined
• Several tax adjustments are possible. The shortest period is the end of a month
• Tax codes and account assignments do not have to be changed when a tax adjustment is
made
• VAT can easily be displayed for construction work
• Monthly, quarterly or annual advance VAT return – even for shifted fiscal years
• The advance VAT return and the permanent time limit extention can be electronically handed
in via Elster
• PDF output of the advance VAT return
• Validation of the advance VAT return
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