Default VAT rate for products/services

Another improvement to our accounting software based on feedback from our customers:

A number of our VAT registered customers sell products at various VAT rates. It was a nuisance to have to keep manually changing the VAT amount from 17.5% (the default) to the appropriate rate.

 

To solve this problem we have introduced a new feature. On the page where you edit product/service details (Sales->Products/Services and then click edit next to a product) there is now a drop-down list so you can set the default VAT rate.

 

Now, when you add that item to an invoice, the VAT rate will be set for you automatically.

 

This has no impact on users who are not VAT registered. They will not see the new drop-down list.

 

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