An internal, sequential alphanumeric key that uniquely identifies a group of items to which a VAT rate is applied.
Each VAT group is assigned a tax rate. The standard rate varies from country to country - from 19 % in Germany to 21 % in Ireland. There are also reduced and super-reduced rates, which are subject to different conditions.
FAQ-FINANCE-SAP BUSINESS ONE
Account statement processing: What the Versino Financial Suite will offer in the future — a preview of accounting
An account statement is quickly read. That is the manageable part of the work. The work lies behind that. The statement must be sent to the...
E-Invoice check by Versino Financial Suite
An e-invoice is quickly generated. SAP Business One includes the XRechnung feature as standard, and those who use cks.eINVOICE or the ...
Versino accounting service
Bookkeeping should run quietly. Vouchers come in, are posted, the VAT return goes out, and the tax advisor also gets a ...
Cash flow planning in SAP Business One: What the Versino Financial Suite does differently
Cash flow planning is considered a done deal in many medium-sized companies. After all, there are bank statements, there are open items, ...
Two free webinars in July: Experience the Versino Financial Suite live
In 90-minute sessions, we'll show you practical ways to harmonise, streamline and automate your accounting in SAP Business One….
E-Invoicing 2026: What is changing now for SMEs and SAP B1 users
The e-invoice has moved beyond the theoretical IT project phase. Since January 2025, the obligation to receive e-invoices applies to all domestic companies — ...
