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VAT closing entries

Accounting

VAT closing entries

Last updated on 24 Jan, 2026

VAT closing entries is the operation which automatically creates a manual journal to close all VAT account balances to one VAT control account at the end of the tax period.

To close VAT account balances go to Accounting -> New Operation -> VAT closing entries

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Enter the date and click "Continue".

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Select accounts that should be closed and click on the "Post" button.

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 A new manual journal will be created.

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