Prepare the quarterly percentage tax worksheet (2551Q)
For non-VAT companies: see the percentage tax worksheet GodoERP builds from your sales and record the payment.
This worksheet appears for companies set to Non-VAT Registered without the 8% option. It prepares figures from your books. It doesn't file anything, and the rate used is the one in your Company Settings.
Where: Reports › Percentage Tax (2551Q).
The worksheet
Open a quarter to see:
- Gross sales on non-VAT invoices
- Less: credit notes
- Other receipts recorded under Income
- Taxable gross sales / receipts × Tax rate = Percentage tax due
Check the Tax rate in Company Settings with your accountant.
Record the return you filed
After you have filed and paid outside GodoERP:
- Fill in Date filed / paid, Paid from and Reference.
- Click Record return.
GodoERP posts the tax expense and the payable, then the payment from your bank.
Note: If the page says This company does not file percentage tax, your Company Settings show VAT-registered, the 8% option or exempt. Check Company Settings if that is wrong. GodoERP is not the BIR or a tax adviser, so confirm figures and deadlines with your accountant.