Can I process companies with non-genuine tax exemption?

Many clients, such as physicians, are exempt from VAT on their sales, but they do not have an input tax deduction from the incoming invoices they receive. The automation of document processing for these clients can be configured in the client master.

Procedure

In the client master click on "Non-exempt" to process clients in the new "Non-exempt" mode. The Tax Amount & Tax Percent fields are automatically set to 0. The correct tax code is automatically selected and the export to the accounting system is done as usual.

Important: It differs according to the accounting system/ERP system whether this function has to be activated in Finmatics. In those systems where the function is not visible, the accounting system takes care of the correct calculation of the tax.