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    Income & Expense Accounting for Company with VAT

    Switzerland
    Income & Expense Accounting with vat/sales tax
    Business

    Accounting for company (SME chart of accounts) with subgroups.

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    Company XX

    Accounting 2022

    Basic Currency: CHF

    Income & Expense accounting with VAT/Sales tax

    Table: Accounts
    Group Description Sum In
        ESTATE  
           
      1000 Cash on hand 1
      1010 Post office current account 1
      1020 Bank account 1
      1100 Credits 1
      1176 Withholding tax 1
      1510 Office furniture and equipment 1
      1520 Office machinery, information and communication technology 1
      2000 Current liabilities short term 1
      2200 VAT Due 1
      2201 VAT according to VAT report 1
      2400 Liabilities long term 1
           
    1   NET ESTATE  
           
    Table: Categories
    Group Category Description Sum In
        OPERATING RESULT  
           
        INCOME  
      3000 Income from sales 3
      3090 Discounts 3
      3400 Earnings from services rendered 3
      3680 Other income 3
      3809 VAT flat tax rate 3
    3   TOTAL INCOME 00
           
        EXPENSES  
      4000 Purchase goods for resale 4
      4090 Discounts 4
      5000 Salaries 4
      5700 Contribution to old age insurance and unemployment 4
      5820 Travel and entertainment expenses effective 4
      6000 Rental 4
      6100 Cost of maintenance 4
      6210 Gas and oil expense 4
      6264 Vehicle rentals 4
      6300 Insurances 4
      6402 Electricity 4
      6410 Heating expenses 4
      6430 Water 4
      6460 Garbage 4
      6500 Office supplies 4
      6510 Telephone 4
      6513 Shipping expenses 4
      6640 Travel expenses 4
      6800 Depreciation and value adjustments of fixed assets 4
      6900 Financial costs 4
      8900 Taxes 4
    4   TOTAL EXPENSES 00
           
    00   OPERATING RESULT  
           
           
    Table: VAT codes
    VAT Code Description %VAT
      Explanations  
      V = Sales (200)  
      VS = Discount sales and services (235)  
      B = Acquisition tax (380)  
      M = Expenses for material and services (400)  
      I = Investments and other operating expenses (405)  
      K = Corrections (410, 415, 420)  
      Z = Not considered (910)  
         
      VAT codes information (do not modify)  
      id=vatcodes-che-2018.20211210  
      Last update: 10.12.2021  
         
      VAT Due  
    V0 Exempt services (220)  
    V0-E Export services abroad (221)  
    V0-T Transfers in the reporting procedure (225)  
    V0-N Non-taxable services (230)  
      Decrease of income from services, see discounts  
    V0-D Various (280)  
    V77 Sales and services 7.7% 7.70
    V80 Sales and services 8.0% 8.00
    V77-B Sales and services 7.7% (chosen) 7.70
    V80-B Sales and services 8.0% (chosen) 8.00
    V25-N Sales and services 2.5% 2018 2.50
    V25 Sales and services 2.5% 2017 2.50
    V37 Sales and services 3.7% 3.70
    V38 Sales and services 3.8% 3.80
    VS77 Discount Sales and services 7.7% 7.70
    VS80 Discount Sales and services 8.0% 8.00
    VS25-N Discount Sales and services 2.5% 2018 2.50
    VS25 Discount Sales and services 2.5% 2017 2.50
    VS37 Discount Sales and services 3.7% 3.70
    VS38 Discount Sales and services 3.8% 3.80
      Taxable turnover (299)  
    F1 1. Flat tax rate 2017  
    F2 2. Flat tax rate 2017  
    FS1 Discount Sales and services 1. Flat tax rate 2017  
    FS2 Discount Sales and services 2. Flat tax rate 2017  
    F3 1. Flat tax rate 2018  
    F4 2. Flat tax rate 2018  
    FS3 Discount Sales and services 1. Flat tax rate 2018  
    FS4 Discount Sales and services 2. Flat tax rate 2018  
      Total Flat tax rate (321-331)  
    B77 Acquisition tax 7.7% (With VAT/Sales tax) 7.70
    B80 Acquisition tax 8% (With VAT/Sales tax) 8.00
    B77-1 Acquisition tax 7.7% (Without VAT/Sales tax) 7.70
    B80-1 Acquisition tax 8% (Without VAT/Sales tax) 8.00
    B77-2 Acquisition tax 7.7% (VAT/Sales tax amount) 7.70
    B80-2 Acquisition tax 8% (VAT/Sales tax amount) 8.00
      Total Tax on purchases (380-381)  
      Total VAT Due (399)  
         
      Recoverable VAT  
    M0 Exempt material- and service expenses  
    I0 Exempt investment and operating expenses  
    M77 Purchase of material and services 7.7% (With VAT/Sales tax) 7.70
    M80 Purchase of material and services 8.0% (With VAT/Sales tax) 8.00
    M77-1 Purchase of material and services 7.7% (Without VAT/Sales tax) 7.70
    M80-1 Purchase of material and services 8.0% (Without VAT/Sales tax) 8.00
    M77-2 Purchase of material and services 7.7% (VAT/Sales tax amount) 7.70
    M80-2 Purchase of material and services 8.0% (VAT/Sales tax amount) 8.00
    M25 Purchase of material and services 2.5% 2.50
    M37 Purchase of material and services 3.7% 3.70
    M38 Purchase of material and services 3.8% 3.80
      Investment and operating expenses  
    I77 Investment and operating expenses 7.7% 7.70
    I77-2 Investment and operating expenses 7.7% (VAT/Sales tax amount) 7.70
    I80 Investment and operating expenses 8.0% 8.00
    I25 Investment and operating expenses 2.5% 2.50
    I37 Investment and operating expenses 3.7% 3.70
    I38 Investment and operating expenses 3.8% 3.80
      Corrections and adjustments  
    K77-A Subsequent adjustment of prior tax 7.7% (410) 7.70
    K80-A Subsequent adjustment of prior tax 8 % (410) 8.00
    K77-B Corrections of prior tax 7.7% (415) 7.70
    K80-B Corrections of prior tax 8% (415) 8.00
    K77-C Reductions of the deduction of prior tax 7.7% (420) 7.70
    K80-C Reductions of the deduction of prior tax 8% (420) 8.00
    F1050 Tax computation according to form Nr. 1050  
    F1055 Tax computation according to form Nr. 1055  
         
      Total Recoverable VAT (479)  
      Total VAT payable (500) or VAT credit (510)  
         
      Other financial flows  
    Z0-A Subsidies, tourist taxes collected by the tourism offices, contributions to the institutions responsible for the elimination of waste and for the supply of water (let. a - c)  
    Z0 Gifts, dividends, compensation for damages etc.  
      Not considered  
      Final total for control  

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