Qonto users can add their payment receipts and VAT rates to their transactions, directly from their app.
How does it work?
If you have a Smart, Premium, Essential, Business or Enterprise package, the VAT rate is automatically detected by Qonto's algorithm once the receipt is uploaded. Users have to confirm it.
💡 VAT can also elected and entered manually according to the rate and the amount indicated on the transaction receipt.
Moreover, you can automate the setting of your VAT rate by attaching a rate per supplier, within the Suppliers tab of the Purchases section.
Discover how to do that in 👉 this article!
Collect the VAT to prepare your accounting
Considering the entire team's workload, the automated VAT detection and entry is a major time-saver for your company.
☝️ Note: If several VAT rates are applied to one transaction, you can find them in the Others section while filtering your transactions.