Why is this the default VAT code?
There are several windows where VAT is encountered: Sales, Purchases, Spend Money, Receive Money and Bank Register (Sales, Purchases, Spend Money and Receive Money transaction types) plus the Record Bank Charges and Interest Earned window . Each of these windows has a VAT column on the right hand side or a VAT field, where a VAT code can be selected.
The default VAT code is the one that appears in the VAT column or field when you select the account for the transaction or transaction line. There is a reason the selection defaults to the code it does. For the windows where VAT codes are used, each of the default possibilities and the reason it is the default VAT code is listed below:
Sales window / Service, Professional or Miscellaneous layout
Sales in the Bank Register window (Miscellaneous layout)
- Default: The VAT Code chosen in the Selling Details view of the customer's Card Information window.
Reason: You marked the Use Customer's VAT Code field in the Selling Details view of the customer's Card Information window.
- Default: The VAT code chosen in the selected account's Edit Accounts - Account Information window.
Reason: You did not mark the Use Customer's VAT Code field.
- Default: No Tax (N-T)
Reason: You did not mark the Use Customer's VAT Code field and you either chose the N-T VAT code in the selected account's Edit Accounts - Account Information window or you did not choose any VAT code in the Edit Accounts window and the N-T VAT code became the default setting.
Sales window / Item layout
- Default: The VAT Code chosen in the Selling Details view of the customer's Card Information window.
Reason: You did not mark the Use Customer's VAT Code field in the Selling Details view of the customer's Card Information window.
- Default: The VAT code chosen in the Selling Details view of the selected item's Item Information window.
Reason: You did not mark the Use Customer's VAT Code field.
Sales window / Time Billing layout
- Default: The VAT Code chosen in the Selling Details view of the customer's Card Information window.
Reason: You marked the Use Customer's VAT Code field in the Selling Details view of the customer's Card Information window.
- Default: The VAT code chosen in the Profile view of the selected activity's Activity Information window.
Reason: You did not mark the Use Customer's VAT Code field.
Purchases window / Service, Professional or Miscellaneous view
Purchases in the Bank Register window (Miscllaneous layout)
- Default: The VAT Code chosen in the Buying Details view of the supplier's Card Information window.
Reason: You marked the Use Supplier's VAT Code field in the Buying Details view of the supplier's Card Information window.
- Default: The VAT code chosen in the selected account's Edit Accounts - Account Information window.
Reason: You did not mark the Use Supplier's VAT Code field.
- Default: No Tax (N-T)
Reason: You did not mark the Use Supplier's VAT Code field and you either chose the N-T VAT code in the selected account's Edit Accounts - Account Information window or did not choose any VAT code in the Edit Accounts window and the N-T VAT code became the default setting.
Purchases window / Item layout
- Default: The VAT Code chosen in the Buying Details view of the supplier's Card Information window.
Reason: You did not mark the Use Supplier's VAT Code field in the Buying Details view of the supplier's Card Information window.
- Default: The VAT code chosen in the Buying Details view of the selected item's Item Information window.
Reason: You did not mark the Use Supplier's VAT Code field.
Spend Money window
Spend Money in the Bank Register window
- Default: The VAT code chosen in the Selling/Buying Details view of the customer's/supplier's Card Information window
Reason: You marked the Use Customer's or Supplier's VAT Code field in the Selling/Buying Details view of the customer's/supplier's Card.
- Default: The VAT code chosen in the selected account's Edit Accounts - Account Information window.
Reason: The Spend Money transaction is made without an assigned card or a card is assigned but you did not mark the Use Customer's or Supplier's VAT Code field..
Receive Money window
Receive Money in the Bank Register window
- Default: The VAT code chosen in the Use Customer's or Supplier's VAT Code view of the customer's/supplier's Card Information window
Reason: You marked the Use Customer's or Supplier's VAT Code field in the Selling/Buying Details view of the customer's/supplier's Card Information window.
- Default: The VAT code chosen in the selected account's Edit Accounts - Account Information window.
Reason: The Receive Money transaction is made without an assigned card or a card is assigned but you did not mark the Use Customer's or Supplier's VAT Code field.
Receive Bank Charges and Interest Earned window
- Default: The VAT code chosen in the selected account's Edit Accounts - Account Information window.
Reason: When the Expense Account in the Bank Charges section or the Income Account in the Interest Earned section is selected, this default VAT code always appears.