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
Elster 2025 for SAP Business One
Companies must update the ELSTER add-on for SAP Business One at the start of the 2025 tax year. This measure ensures the legally compliant transmission ...
The advantages of the e-bill 2025
E-invoicing in Germany: Why SMEs should act now The introduction of e-invoicing in Germany in 2025 is often seen as an annoying ...
Financial accounting 2025 - information & changes
Stay informed! Numerous changes affecting financial accounting will come into force at the turn of the year 2024/2025. We give you a ...
Posting periods in SAP Business One
The correct management of posting periods in SAP Business One is crucial for compliance with business processes and the avoidance of ...
E-bill master data and settings in SAP Business One
In order to create compliant e-invoices in XRechnung or ZUGFeRD format, an ERP system requires certain correctly maintained master data. In addition, special settings ...
Moving average price in SAP Business One
Moving average price in SAP Business One: benefits, challenges and useful reports Inventory valuation is one of the key tasks in the ...
