Not out of the box. However, community member John Locke (from Freelock Inc) is doing it using a custom integration. He doesn't mind sharing his code.
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.
Hi all;
LedgerSMB 1.3.3 has been released. It corrects a number of important
bugs. Users of 1.3.x are likely to benefit considerably from moving
to this new version. The most important fix is for internal server
errors when the most recent Math::BigFloat and Math::BigInt libraries
are used with LedgerSMB. Other fixes address changing countries for
employees, a few user interface glitches, and some localization fixes.
Hi all;
The LedgerSMB core team is proud to announce the release of 1.3.2. This release corrects a number of UI glitches, a fix to our translation templates, a few fixes to the test cases, and more. It is recommended that all users of 1.3.x upgrade to this version as soon as possible.
The complete changelog is:
Changelog for 1.3 Series
Initial Release: Monday, Oct 12 2011
Supported Presently
LedgerSMB 1.3.1 has been released. Fixes include changes to allow multi-language printing of invoices and several fixes to time cards and proiect reports.
The complete changelog is as follows:
The LedgerSMB development team is very proud to release LedgerSMB
1.3.0. This release continues our strong commitment to security, data
integrity, and and robustness, introducing improved functionality in
many core areas, and adding new features that many businesses will
find necessary.
Since we never put forth a story describing what features and major changes have made it into 1.3 when feature freeze was declared I figured it would be a good idea to describe these here.
After a lot of hard work, LedgerSMB 1.3.0 is ready for beta testing. Please be aware that this is a beta-testing release and there may be unexpected bugs in places. Some things may not work as advertised. It can be downloaded from the sourceforge page (http://www.sourceforge.net/projects/ledger-smb/).
This content is outdated and kept here for reference only!
We have been working long and hard on 1.3 for some time, so it is time we show some screenshots showing how things will be different. I have chosen three screen shots to highlight our new approach:
1) Bank Reconciliation has been entirely redesigned in 1.3 with a new workflow and it is better designed to handle large numbers of transactions. Additionally you can go back later and review a reconciliation set to see what cleared and what was outstanding. This screen shot shows a report for a work in progress.
2) The contact management section is redone. Customers/vendors can now have multiple accounts, contact information, shipping and billing info, notes, etc. This screen shot shows how this looks with Javascript enabled. Here Javascript is used to clean up the interface, and the links at the top switch between visible divs.
3) Payment screen, for single customer/vendor payments
4) Batch payment screen for paying or receiving money from several customers or vendors.
5) Order entry (in this case sales order)
The LedgerSMB community follows the Ubuntu Code of Conduct.