The following new functionality will be released on the 27th October.
Introducing QuickBooks Onliine
The integration with QuickBooks Online has been released, and you can now connect your QuickBooks Online company/ies to generate VAT returns!
generate.TAX has also been listed on the QuickBooks Apps store. This means you can connect the app either from the generate.TAX platform or directly from the App Store. The integration works seamlessly, similar to the Xero integration, and you may choose to create an account and log in with your Intuit credentials.
The full functionality immediately available for a QuickBooks Online Entity includes:
Generation and submission of VAT returns
Support for all existing countries and VAT returns
Support for multiple entities, including a hybrid of Xero and QuickBooks Online entities
Multi-currency support
Maintenance and creation of tax rates
VAT number checking
VAT companion via the Chrome Extensionelp Centre
Advanced User Rights
User rights now include the option to assign advanced user rights to team members who access your generate.TAX account. This is particularly useful for large teams where users are only authorised to work on specific areas of the VAT process.
It is now possible to assign or limit granular user permissions on a per-entity level for specific parts of the VAT workflow. For instance, do you want everyone on the team to be able to create or cancel a submission? Or do you want to limit who has access to change the mapping of your tax rates? This feature empowers your team with precisely the right functionality and control. The following granular rights are available:
Create Submissions - This will allow the user to create new tax submissions (Preparer)
Approve Submissions - This will allow the user to review and approve submissions created by the preparer (Reviewer)
Cancel Submissions - This will allow the user to cancel submissions
Create Tax Rates - This will allow the user to create Tax Rates in this entity directly from generate.TAX
Manage Returns - This will allow the user to create new return mappings and to edit mappings
VAT Number Checker - Enable this function for users who need to access the VAT Number Checker for this entity
You can view how to access and check the rights by watching this video. By default, all users currently have full rights to an eneity once they've been given access.
This functionality may not be available on all plans.
VAT Companion - Chrome Extension
The improved VAT Companion now includes the option to see your current pending VAT tasks, both as a preparer and as a reviewer. This makes it easy to view your current pending tasks, check their status, and easily access any open submissions.
This release also includes a number of small improvements and bug fixes including:
Showing totals within the VIES and Recap Statement returns
Upgrade the UAE VAT Return to the newest generate.TAX standard
Improved emails sent at various steps of using the solution
New Filters in the VAT returns to simplify the review - Filter on the Net Column & Filter on the new Has attachment