Popular Topics: VAT Expenses Invoices Payroll Reports
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.
The Reports section in Balabook provides essential insights into your business’s financial performance and supports compliance with accounting and tax obligations.
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.
The Accountant Plan is designed for professionals and teams managing multiple clients or advanced accounting needs.
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.
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.
With Balabooks, you can easily generate multi-period financial reports such as General Ledger , Balance Sheets, Profit & Loss Statements,Trial Balance and VAT Returns Reports directly from your accounting data.
Balabook offers two flexible plans designed to meet the needs of small businesses and growing teams. Each plan includes essential accounting features, with the option to upgrade as your business scales.
Balabook automatically tracks and calculates sales tax based on the tax rates you set, applying them to invoices, bills, and transactions to ensure accurate reporting and compliance.
