1. Setting up Tax Registration No for customer, supplier and company

Enter the Tax Registration Number in the Tax ID field for the Customer, Supplier, and Company.

2. Setting up TAX Code for Products

Establish a tax code within the item master, and the system will retrieve the same code in the sales/purchase invoice when an item is selected.

3. Default Tax Templates

BizCentric provides you default tax template for vat (5%, zero, exempted) and excise (50%, 100%). You can create your own tax template.

3. Making VAT Ready Invoices

If you’ve configured the TRN for your customers and suppliers, as well as your tax template, you’re all set to create VAT Ready Invoices!

For Sales Invoices:

1. Choose the appropriate customer, item, and transaction address.
2. Verify the correct setup of your company’s and supplier’s TRN.
3. Ensure the TAX Code is assigned to the item.
4. Select the appropriate template based on the transaction type.
5. Save and submit the invoice.

4. Print Tax Invoice

BizCentric provides two default print format

1. Simplified Tax Invoice
2. Detailed Tax Invoice

5. Set-up VAT Accounts

Select the accounts that will be used for creating VAT invoices here.