Individual Settings - Invoice Settings
The Invoice Settings setting is included in the following Standard products:
- Standard Contracts
- Standard Invoicing
- Standard POS
You should use the Invoice Settings setting to choose the VAT Code that will be used as a default in your Invoices. This defaults will be used in the absence of VAT Codes being specified in the Items used in the Invoices. You should also use this setting to specify whether your sales prices include VAT.
To open this setting, first click the [Settings] button in the Master Control panel. Then double-click 'Invoice Settings' in the 'Settings' list. Fill in the fields as described below. Then, to save changes and close the window, click the [Save] button. To close the window without saving changes, click the close box.
- VAT Code
- Paste Special
VAT Codes setting
- The VAT Code will determine the rate at which VAT will be charged whenever you sell an Item. For each Item that you sell, the default VAT Code will be chosen in this order:
- It will be taken from the Item record itself.
- It will be taken from the Item Group to which the Item belongs (not Standard Invoicing).
- This VAT Code in the Invoice Settings setting will be used.
You will be able to override the choice of VAT Code in an individual Invoice row if necessary.
- Base Price
- Use these options to specify whether the sales Prices in the Item records are to include VAT. VAT rates are defined in the VAT Codes setting.
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