Setting the Default VAT Code for Purchasing Documents

It is possible to specify the default VAT code used when posting purchasing documents, preventing the need to select a VAT code each time. By default, this is set to S20, which can be changed, as required, when a purchasing document is created.

1. From the Home page, select the Settings icon.
   
2. The Purchase Settings panel is displayed consisting of various tabs used to apply relevant settings. Select the General tab.
   
3. Select the magnifying glass icon adjacent to Default VAT code.
   

4. The Select window is displayed. Select the VAT code you want to select it, such as S20.
   
   

   The VAT rates are populated from the IRIS Financials VATRATES keylist. If additional VAT rates are required, refer to Adding VAT Codes.

5. Select Save to save your changes.