Frictionless Tax Compliance

Configure multiple tax rates and attach them to products or services. NespoCASH automatically splits tax amounts into dedicated liability accounts, making periodic tax reporting a one-click process.

Key Capabilities:

• Automated Tax Segregation: Output VAT posted to liability ledgers; Input VAT to asset/offset ledgers.
• Regional Tax Formats: Configurable tax rates including 0%, standard rate, and tax-exempt items.
• One-Click Tax Returns: Instant summary of taxable sales, output tax, and deductible input tax.