Use through help information available in V4G like templates/invoices/manuals which specially tailored to help you and provide detailed information.. and don't hesitate to request consultancy... if needed.
V4G is automatically updated once an official tax update is available...(our clients in Saudi for instance need to do NOTHING to change basic rate from 5% to 15% on July 1st, 2020... system automatically updates itself)...
In order not to be obliged to replace your accounting system later, it should povide the detailed -required- tax reports for each tax period, automatically handles tax adjustments and manages assets as per regulations.
V4G (Value Added Tax for Gulf) is an invention in accounting/taxation systems precisely designed to fully absorb the Value Added Tax requirements recently imposed in GCC. It is not a "patching work" like many others, it is a new tax engine that invented from scratch (in accordance with International Financial Reporting Standards -IFRS) for VAT implementation in each country of the GCC. Our experts worked day and night for complete 24 month's to accomplish Saudi & Emirates modules (lately finished Bahrain's).....It is our pleasure inAdvanced System Solutions to deliver this achievement to you.