iGo VAT Mode

Here you will find the latest features, improvements, and bug fixes for 365 Accounts.

To ensure you have the best experience using our product, we recommend updating to the latest version available.

Note: The features available to you will depend on the configuration and the current version of 365 Accounts you're using.

What's New

iGo VAT Mode in 365 Accounts allows you to select the chosen VAT mode for your iGo accounts.

Here you can select between three modes.

New Modes:

• None: Will disable VAT on any iGo jobs sent through integration.
  
  
• VAT on Price: 
  • Service Charge = Profit (Price minus cost)
  • Calculates a % VAT from the booking cost. 
  • Final Price = Booking cost + Service Charge + VAT

• VAT on Profit ONLY:
  
  • Service Charge = Profit (Price minus cost)
  • Calculates a & Service Charge VAT from the Service Charge (price minus cost).
  • Final Price = Booking Cost + Service Charge + Service Charge VAT.

• VAT on Cost and Profit
  
  • Service Charge = Profit (price minus cost)
  • Calculates a % VAT from the booking cost. 
  • Calculates a % Service Charge VAT from the Service Charge (price minus cost).
  • Final Price = Booking Cost + VAT + Service Charge + Service Charge VAT.

Note: Profit is equal to Price minus Cost. Profit and VAT on Profit will be seen as Service Charge.

Note: This setting is specifically for applying the VAT mode to the job at the time of booking, not afterwards when Invoicing.