What Happens When You Deactivate the Automated VAT Forecast?
When you deactivate the automated VAT forecast, several changes will occur:
Deletion of the automatic VAT category: The default VAT category generated by Agicap will be removed.
Removal of all forecast values for the VAT category: Any forecasted amounts associated with the VAT category will be deleted.
Uncategorization of previous VAT transactions: Transactions that were previously categorized under the VAT category will become uncategorized.
Deletion of VAT categorization rules: Any rules that automatically categorized transactions into the VAT category will be deleted.
Retention of VAT rates on categories: The VAT rates you've configured on each category will remain, but they will no longer impact your forecasts in Agicap.
Retention of VAT settings on expected transactions: The VAT settings on all your expected transactions will be kept.
Why Should You Deactivate It?
Customization: You might have specific VAT handling requirements that aren't covered by the automated system.
Manual Control: You prefer to input and manage VAT data manually for greater accuracy.
Simplification: Your business transactions may not require VAT forecasting, so deactivating reduces clutter.
💡 Tips
Before deactivating, consider exporting your VAT data for record-keeping.
After deactivation, review your transaction categorizations to ensure they reflect your current VAT tracking.
Remember that you can always reactivate the automated VAT forecast if your needs change.
FAQ ❓
How do I deactivate the automated VAT forecast?
Contact Agicap's chat support or your account manager
explain why you want the VAT forecast to be deactivated
wait for their confirmation on the deactivation of the automated VAT forecast
Will deactivating affect my past data?
Deactivating will uncategorize past transactions in the VAT category and delete associated forecasts. However, your original transaction data remains intact.
Can I reactivate the automated VAT forecast later?
Absolutely! Your account manager or Agicap's chat support can reactivate the feature for you.