2951 R
/ one-off Buy

VAT Rate Management separated on order detail

Setting the VAT Rate value on the item and automatic retrieval of the Rate in the Order line

For example, enter 22% VAT on the item and the program, within the order, when you insert the item, automatically retrieves the VAT value, calculates the line amounts of gross price and net price, and updates at the bottom of the document the Total Tax value and the Total Gross value.

The VAT Rate Management component separated on order detail improves tax management for those using order management software such as PocketSell. It allows different VAT rates to be applied for each item, either from the item sheet or directly within the order line, automating the calculation of the total price (with and without VAT). This reduces the need for manual calculations, eliminates errors, and provides a clearer, more accurate view of total costs for each order.

Key benefits include:

- Automatic VAT calculation: Each order line can have a specific VAT rate, making it easier to manage products with different taxation rates.

- Greater accuracy in totals: The system automatically calculates the total of the order with and without VAT, updating in real-time the overall VAT amount due.

- Simplified tax management: By automating VAT calculation, it reduces the risk of human error and facilitates tax documentation preparation.

- Adaptability: Useful for companies with products or services subject to variable VAT rates, the component is highly customizable based on specific business needs.

Thanks to these features, operational efficiency increases, and the need to manually manage VAT calculations for each order or invoice is avoided.

The VAT Rate management service on Item includes:
- Adding a sub-table VAT in the item sheet
- Expanding the mappings on the single order line to retrieve the VAT value set in the item
- Creating new line calculations to automatically obtain the Gross Amount calculation
- Modifying the Order Total calculation system to include Gross Totals

Upon request and excluded from the component:

- Modification of the PDF print module to show the VAT details on the line and the VAT summary table with extraction of the related taxable amounts calculated

HOW THE SERVICE WORKS

After purchasing the VAT Rate Management separated on order detail service online, you will be contacted by one of our Technicians to agree on the details of the work. In the meantime, we also suggest that you send us a copy of the VAT rates you need within the program.