VAT Exempt Sales Invoice

VAT Exempt Sales Invoice issued when the products sold are exempt from VAT.

Route: ERP > Sales-Distribution > Invoice > Sales Invoice

What to Consider?

• If “Accounting Transaction” is not checked in the transaction category, the warning “No accounting transaction is performed for the selected transaction” is displayed in the accounting transactions.
• If the invoice amount is 0, even if "Accounting Transaction" is selected in the transaction category selected for the invoice, transactions with a value of 0 do not make accounting transactions.
• VAT rate 0 must be entered.
• The right product should be chosen. Otherwise, category sales cannot be reported.
• Sold by must be selected. Otherwise, vendor performances cannot be monitored.
• Payment Method must be entered. Otherwise, payment performances cannot be monitored.
• The 2nd currency of the row must be entered, otherwise, the report cannot be obtained according to the transaction currency.

There is the “Accounting Transactions” icon on the top right of the details of the resulting sales invoice. You can view the offsetting receipt of your invoice by clicking this icon.

How are VAT Exempt Sales Invoice accounting records created?

With VAT Exempt Sales Invoice, VAT exempt goods are tracked.