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Why does my VAT Report Show “No VAT Return,” Even Though we’ve Paid VAT on Several Items?

What VAT Rates are Included in Balabook?

Balabook allows you to create and configure additional VAT rates beyond the standard ones, based on your business requirements

View and Understand your VAT Returns Report

The VAT Returns report helps you track the VAT collected on sales and the VAT paid on purchases, providing a clear picture of what your business owes to (or can reclaim from) the Cyprus Tax Department.

Is VAT Calculation and Submission to the Tax Authority Automated?

Understand your Reports Page

The Reports section in Balabook provides essential insights into your business’s financial performance and supports compliance with accounting and tax obligations.

Understanding User Types and Permission Levels for Collaborators

The owner of a Balabook account is the person whose email was used to sign up or the current primary email address associated with the account. As an account owner, you can invite trusted individuals to collaborate on your account with varying levels of access.Only Owners can invite Users.

What are the Receipts Subscription Fees;

How to Add, Edit, or Delete a Sales Tax

Managing sales tax settings is essential for accurate billing and compliance. This guide explains how to add, edit, or delete a sales tax rate within your system.

How to Create a Purchase Transaction in Balabook

In Balabook, the Transaction Flow feature allows users to efficiently record both sales and purchase transactions directly from a single interface. Users can specify the debit and credit accounts, VAT details, and transaction amounts, streamlining the bookkeeping process. This centralized flow simplifies entry and ensures accurate financial tracking.

How to Enter a New Expense

An expense transaction is a record of money spent by your business on goods or services. This can include purchases such as office supplies, utilities, travel, or any other operational costs.