Knowledgebase
Accounting

Set up tax and accounting records

Review tax overview, return support, supported margin stockbook records and accounting setup.

Accounting tax overview screen for shop records
Screenshot from the Manage Repairs demo workspace.

Before you start

The accounting area helps repair and retail shops keep cleaner records for regional tax, supported margin stock and accountant review.

Important sections on this page

Use these focused screenshots when matching the guide to the real screen.

Accounting tabs for Tax Overview, Tax Return, Margin Stockbook, Z Reports and date filters

Choose the accounting view

Use the tabs and date range to focus on the accounting record you need.

  • Use Tax Overview for a quick check.
  • Use Margin Stockbook for eligible UK Buy/Sell margin-scheme records.
  • Use Z Reports for closed till totals.
Sales tax breakdown table with standard sales and VAT margin scheme rows

Tax breakdown

The tax breakdown separates standard sales from margin-scheme activity where the margin scheme is supported.

  • Check gross, net and tax figures for the chosen period.
  • Review margin figures when eligible Buy/Sell items are sold under margin scheme rules.
  • Share figures with your accountant before filing.
Margin scheme rule panel explaining sale minus purchase equals margin

Margin scheme rule

The rule panel is a reminder of how margin VAT is calculated for eligible Buy/Sell sales.

  • Margin VAT is based on profit, not full selling price.
  • Good buy/sell records make the stockbook easier to trust.
  • Confirm VAT treatment with your accountant for your own shop.

Step-by-step

  1. Open Accounting from the sidebar.
  2. Review the Tax Overview to see available record areas.
  3. Use Tax Return when preparing figures for review.
  4. Use Margin Stockbook for eligible UK Buy/Sell margin-scheme records where relevant.
  5. Open Setup to confirm tax settings match how your business operates.

Good to know

Confirm tax and margin-scheme handling with your accountant before relying on reports.

Record Trade-In purchases clearly so the stockbook is useful later.

Related guides

Continue with related workflows.

All knowledgebase guides
Trade-In Record Trade-In Record customer trade-ins or supplier device batches before moving them into inventory. POS Use POS reports, X reports and Z reports Review sales activity, run shift checks and close day totals with clearer till records. Reports Use reports and alerts Review repair, sales, stock and customer activity, then use alerts for items that need attention.