LT
How to set automatic VAT rate suggestions for issued invoices?
In Infotrans you can find the feature of automatic application of VAT rate and laws to issued invoices. This automation helps to make invoicing easy. Once you create rules for VAT rate suggestion, invoices can be issued by any employee - there is no need for vast knowledge of accounting.
By default, there are already some VAT law suggestions added, but we do recommend going through them and editing/deleting them according to your work specifics.
Access the settings of VAT rate autosuggestions through any issued invoice by clicking on the VAT rate title:
Set the rules in the autosuggestion table for any possible situation of cargo transportation that you face in your company.
- Cargo transportation – set the rules for the circumstances of from and to where the cargo was transported.
- Invoice payer – in this column set the rules of payer’s country registration and if they are VAT payer or not:
- VAT tariff – in this drop-down menu all VAT tariffs are included. If you need to enter new VAT tariff in the program, find more info here:
MORE INFORMATION
- With/No declaration – variable that is indicated in the order page. MORE INFORMATION
- VAT law – in this column choose the VAT law text which will be displayed in the issued invoices. New VAT law text can be added after clicking the name of the column.
VAT autosuggestion for issued invoices is implied based on this principle: if the transportation occurs in the countries as described in first column, the invoice payer has status as described in second column, the order is either with or without declaration, as set in the third column, then the VAT rate indicated in fourth column will be applied to the invoice and the VAT law in the fifth column be presented in the issued invoice.
ATTENTION. VAT rate apply automatically according to the set rules only if the setting “Suggest VAT for the invoice according to the VAT of the order” is not enabled. Get more information about this function here: