The return is built from your entries.
SFTA form, offset, closing – recorded in the demo company.
Not from an Excel spreadsheet at the end of the quarter. Buchify calculates the SFTA form items from what’s already posted – and shows a difference instead of hiding it.
Closing
VAT that adds up
The return is built from your entries — not from an Excel spreadsheet at the end of the quarter.
- VAT returnEffective or net tax rate method, agreed or received consideration. The SFTA form items, ready to copy over.
- Turnover reconciliationThe return is checked against the revenue accounts. A difference is shown, not hidden.
- Close and offsetOn closing, Buchify freezes the figures and books output and input tax to the VAT settlement account 2201 – it then shows exactly the amount due to the SFTA. If anything is booked into the period later, the page shows the difference for the correction return.
- Net tax rate booked cleanlyWith the net tax rate method, closing books the tax due to 2201 and the rest of the VAT charged to an account of its own – 2200 does not stay full.
- Input tax at the right timeWith the received consideration method, the payment date counts — and that comes from the bank statement.
- Yearly instead of quarterlySince 2025 the SFTA allows yearly VAT returns. Buchify shows the instalments and the end-of-February deadline; when the year is closed, the instalments paid are credited – what remains is the balance due or the credit.
- The right form item per expenseMaterials and services to 400, investments and other operating expenses to 405.
- Rates per itemStandard rate, reduced rate, accommodation or exempt – set on the item, carried over to the invoice.
And what’s still done by hand
So you know where you stand.
Your job
That stays with you – or with your fiduciary.
- Filing the return. You type the form items into the SFTA portal or give them to your fiduciary.
Not built yet
What’s still missing.
- Electronic filing (eCH-0217). The form is fully calculated; it is still submitted by hand.
Questions about VAT
Does it support both the net tax rate method and the effective method?
Both – and agreed or received consideration. The return is built from your entries, with the SFTA form items. For now, it is still submitted by hand in the SFTA portal.
Do I need accounting knowledge?
Not for invoices, reminders and bank reconciliation. You write invoices and see who has paid; the revenue account comes from the item. For the year-end closing, basic knowledge helps — or you give your fiduciary their own access. They then see exactly what you see.
The end of the quarter loses its terror.
The demo has a finished VAT return – calculated from real entries.