How to Add VAT Types?
Adding VAT types in Invoice123 is essential for compliance with tax regulations, providing transparency to customers regarding applicable taxes, and streamlining accounting and reporting processes. It enables accurate tracking of VAT amounts, facilitates tax calculations, and ensures proper record-keeping for financial reporting and tax filing purposes.
How to do it?
- Select SETTINGS from the menu bar
- Select TYPES OF VAT in the sidebar
- Add the desired VAT types
- Confirm the settings by clicking SAVE CHANGES
- VAT types can also be added and modified in the invoicing window
Updated on: 30/05/2024
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