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Status New
Categories Settings
Created by Guest
Created on Jan 6, 2021

Bank transactions - default VAT settings

When importing bank feeds and I need to create a transaction, VAT is defaulted to 20%, when this is wages, drawings, tax payments etc why cannot the VAT code be set as a default for posting to those accounts?

It is a pain having to do this manually for posting to codes like the above which will only ever require N/A.

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  • Rich Mellor
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    Jan 9, 2021

    There are similar issues when importing from PayPal - not only does the import only show the first line of each transaction, but it defaults to 0% VAT.