Can VAT be automatically be split off into the required VAT accounts?

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1 month 3 weeks
Submitted by Anonymous (not verified) on Tue, 11/01/2011 - 02:05

Short answer: Yes

LedgerSMB can tie product sales to a tax class so that VAT can automatically be split off into the required VAT accounts on a sale, and when cancelling an invoice, automatically perform the reverse bookings.

Each product can be 'attached' to an account and the associated % will be applied automatically.

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