How to handle Value Added Tax (VAT)?

Sometimes you have to include a Value Added Tax (VAT) to a project. Though standard practice might be invoicing net fees, there is a simple solution that can be used at the project level for projects requiring VAT.

  1. On the Projects screen, select that project and go into its details.
  2. Under the General > Billing Options tab, you can set the Sales Tax to the needed VAT percent, say 10%.
  3. You can then rename this field to say VAT instead of Sales Tax. From the company menu, open Settings > Global Settings > Custom Labels > Company and change the Sales Tax label to VAT.
  4. Also be sure to leave the Global Setting off for 'Project contract amount includes taxes,' found under the Master Information tab. This will allow you to bill your contract amount as well as taxes separately.
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