Another improvement to our accounting software based on feedback from our customers:
You can now set a default VAT rate for outgoing types. Just click Purchases -> Outgoing Types and select one to edit. The VAT level selection only appears if you are VAT registered.
For instance you can set Electricity to 5%. Then whenever you select "Electricity" as the outgoing type then the VAT rate will automatically be set to 5%.
Don’t forget that you can also set the default Outgoing Type for your suppliers. So if you set the default outgoing type for supplier "Powergen" to be "Electricity," then whenever you select Powergen as the supplier for a new receipt the outgoing type will be automatically set to "Electricity" and the VAT rate to 5%.