VAT review register
Prepare your VAT review.
With explicit approval.
The register organises VAT amounts checked by your authorised team. It distinguishes approved entries from VAT simply appearing on a purchase invoice.
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The essentials
Under Tax & controls → VAT review, enter the period, type, amount, reference and justification. Each entry requires review confirmation. This register does not file tax returns.
Document the amounts you approve
Enter approved output entries, purchase deductions, opening credit or adjustments. Periods and reasons must fit your records and tax treatment. Entries support preparation, not automated tax decisions.
Bound deductions for paid purchases
A deduction must link to a purchase with recorded payment. Factino caps it at VAT corresponding to the paid portion, after deductions already recorded. The cap alone does not establish eligibility: exclusions, evidence and period still need checking.
Read the balance without treating it as a return
The view groups entered debits, deductions and credits with a cumulative balance. A negative balance indicates a credit to review. VAT exports of sales and credit notes remain a separate tool; there is no SIMPL filing or universal tax-return calculation.
The journey in practice
Easy to find steps.
- 01
Check evidence and payments
- 02
Enter period and justification
- 03
Approve the entry with your accountant
Frequently asked questions
Does the register automatically calculate my VAT return?
No. It organises manually approved entries. Review your tax treatment, period, exclusions and evidence with your accountant; Factino does not file a return for you.
Is all VAT on paid purchases automatically deductible?
No. Payment is one part of the check, not complete validation. The register requires explicit review and caps the recorded amount; the authorised user must still check eligibility for the transaction.
To go further.
Your next step
Make room
for clearer invoicing.
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