Organisations that are not VAT registered

If an association or any other organisation is not VAT registered mark it as such under Company Settings - Company information. You find the Settings in the right hand menu.  See below.

This will save you time by automating the VAT handling:

• All supplier invoices will by default get a VAT rate of 0%.

• If a supplier invoice includes VAT, that VAT is not posted separately but becomes part of the invoice total (the expense/cost).

• If needed, you can still change the VAT rate manually on a specific supplier invoice.

Note:

• The Not VAT registered setting will override the VAT interpretation suggested by the AI.
• If the company later becomes VAT registered, simply update the setting and save. You will then also need to enter the company’s VAT number in order to see and use the VAT report.