VAT codes

Accounts Overview > Creating accounts > VAT codes

You can assign a VAT code to an account. This VAT code will become the default VAT code for non-item sales invoices, non-item purchase orders, cheques and deposits.

The default VAT code for item sale invoices and item purchase orders can be changed in the Selling Details and Buying Details views of the Item Information window. If you wish, you can override the default VAT code in both item and non-item sales and purchases and assign a customer or supplier's VAT code as a default by marking the Use Customer's/Supplier's VAT Code in the Selling Details and Buying Details views of the Card Information window.

Click below for the step-by-step procedure:

Enter basic information about the account