VAT rate on sales nominal

[tegan04]

When I run a sales nominal, it only gives the full amount. Is there a report which can be run on the sales nominal that gives has a VAT rate column? Not VAT amount but the rate?

[QFMathew]

Hi @tegan04

If you are VAT registered, the sales nominals would show the net value, as VAT is accounted for under a separate nominal code.

The rate and amount of VAT would apply to sales invoices rather than nominal codes. This will also extend to sale payments too, if you are on cash accounting for VAT.

Would the VAT on the sales invoices be more of what you’re looking for in this case? You can show the VAT amounts for sales invoices, but not the rate (not as an overview). Some invoices could have multiple VAT rates applied to them.

[tegan04]

Hi, thank you.
I’d like to see the VAT rates on all the sales invoices. Is there a way to go into all sales and have a column stating their VAT rates, in an overview way?

Thank you,
Tegan

[QFMathew]

Hi @tegan04

There are two things here which may help -

1. On the sales overview, you’ll have a Modify Columns option in the top right corner. This will add the Net and VAT columns on the dashboard. It won’t show the rates (same as above, there could be multiple rates on one invoice), but it will show the amounts:

   

2. You can show the VAT rate and amount on individual lines on each invoice. To enable this, go to Account Settings >> Invoice Customisation and click on the Itemised Area. You will then see the option to show itemised VAT:

   

Hope this helps!