When purchasing fixed assets, the VAT type 22% Acquisition of Fixed Asset must be used.
In the VAT report, line 5.2 shows the input VAT on fixed assets acquired for business purposes included in the amount on line 5.
If the company’s environment was created before 2022, we recommend checking:
1. List of Accounts
Is there a separate input VAT account: 1512 VAT paid on the acquisition of fixed assets Accounting -> Accounts
If necessary, add a account.
2. VAT Report Settings
Is the account included in line 5.2 of the VAT report? If not, add it.
3. Settings for Automatic Entries
Review the Settings -> Automatic Entries -> Fixed Assets page to ensure that the accounts related to fixed asset transactions are assigned.
For any additional questions, please write to us at support@simplbooks.ee.
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