You can add a VAT% to your customer's invoices by following the steps below.
During registration, you would have been asked if you need VAT features for submitting your VAT return. If you answered 'No', the VAT Rate fields will be hidden in your dashboard. To edit this setting:
- Go to 'My Profile'
- Select 'Company Settings'
- Scroll down to 'Finance Settings'
- Highlight the word 'Yes' next to 'VAT Registered'
- Click 'Done' to save any changes made
If you answered 'Yes', you should notice a 'VAT% Rate' field in Bank Transactions, Expenses, and Invoices. These fields are used for allocating VAT to your transactions
To set the correct VAT % for each of your products or services:
- Go to 'Products and Services'
- Press 'Add New Product or Service'
- Fill out all fields
- Press the 'Advanced' tab
- Select the relevant VAT% that applies to this Service or Product
- Press 'Done'
Then, create your invoice and ensure the correct VAT is applied.