Company Settings | ‘Tax Rates’ improvements

Version:

2024.2.0.0 and higher

Overview:

The following changes has been made to the Tax Rates configuration in the Company Details --> Tax Rates.

Key features:

Ability to add a ‘New Tax Rate’. 

Ability to add, edit or delete tax rates (conditionally). 

Ability to add a ‘Tax Rate Variation’ (A necessary feature for when VAT % increases). 

Ability to add a ‘Composite Tax Rate’ (A group rate that consist out of individually selected rates). 

Ability to assign GL accounts for both input and output vat (making posting to a central control account possible).