When you set your business as VAT-liable, Holvi automatically calculates VAT on all transactions, including both income and expenses.
You’ll get the following VAT categories, giving you a clear picture of your VAT balance.
This category shows your total VAT receivables. Your VAT receivables are made up of all outbound transactions containing VAT.
This category shows your total VAT payable. Your VAT payables are made up of all inbound transactions containing VAT.
Holvi is cash-based, so in your VAT categories you'll only see transactions that are complete.
Where to find VAT payable and VAT receivable breakdown
Log in at Holvi.com and go to Bookkeeping. You’ll find your VAT payable and VAT receivable categories here.