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⚖️ Automated VAT Calculation on Sales Invoices

Effortlessly Apply VAT Based on Your Tax Rules During Sales Billing

PrismERP’s VAT on Sales Invoice module automates the calculation and application of Value Added Tax (VAT) on every sales invoice, ensuring compliance with local tax regulations. This feature saves time, minimizes errors, and guarantees accurate tax reporting at the point of billing.

🧾 What is VAT on Sales Invoice?​

This functionality automatically calculates VAT amounts based on configured tax rates and rules for each product or service sold, applying it directly on sales invoices before finalization.

📌 Example:​

When invoicing a product priced at BDT 10,000 with a VAT rate of 15%, PrismERP adds BDT 1,500 VAT automatically, showing a total of BDT 11,500 on the invoice.

⚙️ Key Features​

✅ Automatic VAT Calculation Apply correct VAT rates on products/services dynamically.

✅ Tax Rule Configuration Set up VAT rates per product category, location, or customer type.

✅ Inclusive or Exclusive VAT Pricing Support prices that include or exclude VAT.

✅ VAT Breakdown on Invoices Clearly display VAT amounts separately on printed and digital invoices.

✅ Compliance with Local Tax Laws Stay updated with regulatory requirements and changes.

✅ Integration with Financial Accounting Seamlessly post VAT amounts to tax payable accounts.

🔗 Integrated With​

  • Sales Invoicing & Billing
  • Tax & Compliance Engine
  • Financial Ledger & Accounting
  • Reporting & Audit Modules

🚀 Simplify VAT Management with PrismERP​

Let PrismERP handle the complexities of VAT calculation so your sales invoicing stays fast, accurate, and compliant—every time.