VAT Updates For Services

To update VAT rates individually for each service is a time consuming operation. Performing such operations in batches prevents the loss of time and decreases the error rate.
To update VAT defaults in batch, VAT Updates for Services option located in the Operations menu of the Sales and Distribution section is used. The services to be included in the update, and the update method are specified in VAT Updates for Service Sales filter window. The filter options are:

The Service Sales Prices to be updated are filtered by service code in the Service Code filter line, description in the Service Description filter line, Aux. code in the Service Aux. Code filter line, and the authorization code in the Service Auth. Code filter line. The group or range definition filter is used for the filtering operation.
The Present VAT Ratio (%) filter line is used to enter VAT rate (old) to be updated. The VAT rates of the records having VAT rate specified here are updated with the new VAT rate.
VAT Rate can be specified as a fixed rate, or entered as a factor. The rate or factor must be specified in the other filter lines depending on the selection made in the Update Method filter.
The new VAT rate to be transferred into the records is entered in the New VAT Rate (%) field if New Rate is selected in the Update Method line.
When Factor is selected instead, the new factor is entered into the Update Factor field. In this case, the update is performed by processing the Present VAT Ratio and the factor entered here.
Once VAT is updated, the VAT rates of the services matching the conditions set in the filter lines are updated with new VAT rates, and the new rates are automatically transferred into VAT Rate field of the service sales.