Setting and Creating VAT in Client Contracts

In case the legislation of your country presupposes adding VAT, you should configure VAT plans for settlements with clients. You can apply VAT on the end-price of the product or on the sum of commission.

To add VAT,

1. Open the profile of the required client.

2. Go to the Contract tab.

3. On the VAT tab, select the option from the End-price VAT drop-dawn:

Open

4. Click Save.

Creating a New VAT Plan

In case there are no VAT plans available in the drop-downs, you should configure them separately.

To configure a VAT plan,

1. On the Finance menu, click Payment settings.

Open

2. Go to the VAT tab.
3. Click Create. The New VAT plan window appears:

4. Enter the name of the VAT plan.
5. Specify the VAT value. Additionally, you can differentiate VAT values depending on the product type, supplier, country, and group of tags.
6. Click Save and then Close to finish the procedure.