VAT in Hinawi and QuickBooks - Hinawi Software ERP

Use VAT In Hinawi with QuickBooks users.

In Hinawi, we have the option to utilize VAT, while QuickBooks lacks this feature.

After Registering the VAT in Hinawi System, you will not read the Unpaid Bills and Unpaid Invoices from QuickBooks.

All the Transactions must be entered through Hinawi System.

Also if we use the Link Bills with PV, JV, Credit Bill will not affect QuickBooks.

Users have to use Set Credit Option in QuickBooks.

If the User makes Set Credit In QuickBooks, it will not affect Hinawi. The user has to do Link Bills with PV, JV, and Credit Bill.

The system will create new Accounts for the VAT in Hinawi and QuickBooks. The system will Post the VAT Transactions to these Accounts Only

A\C 33 VAT·VAT Liability	Other Current Liability
3301 SR·Standard Rated VAT 5%	Other Current Liability
33011·SR – Collected Tax	Other Current Liability
33012·SR – Paid Tax	Other Current Liability
3302 EX·VAT Excempt	Other Current Liability
3303 ZR·VAT Zero	Other Current Liability
33031·ZR – Collected Tax	Other Current Liability
33032·ZR – Paid Tax	Other Current Liability
3304 RC·Reverse Charged	Other Current Liability
33041·RC – Collected Tax	Other Current Liability
33042·RC – Paid Tax	Other Current Liability
3305 IG·Intra GCC	Other Current Liability
3306 OA·Amendments to Output Tax	Other Current Liability

VAT CODE LIST

VAT ITEM LIST

Create a Bill with VAT in Hinawi and the effect in QuickBooks

Create an Invoice with VAT in Hinawi and the effect in QuickBooks

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