Do you want to assign default VAT codes to your Chart of Accounts? Good news! You can make bulk changes to the default VAT codes in your Chart of Accounts.
Note: Default VAT codes can only be set up in the Chart of Accounts, and for products and services. You can't add a default VAT code to a customer or supplier.
Bulk assign default VAT codes to your Chart of Accounts
- Go to Transactions and select Chart of accounts (Take me there)
- Choose the chart of accounts you want to assign the same VAT code to.
- Select Batch actions, then select Set default Tax code.
- Select a VAT code, then select Apply.
That's it! The new default code will show in the VAT Rate column.