New functions for VAT reduction. Reduction in SAP Business One
26 June

New VAT functions Lowering in SAP Business One

With the Versino Financial Suite, users of SAP Business One pursue another alternative strategy for the conversion of VAT with immediate effect. Especially companies that use their financial accounting data with DATEV finance can benefit from this.

Versino Financial Suite for SAP Business One Finance

Create additional accounts with the configuration wizard

After DATEV decided to expand the existing chart of accounts to implement the temporary reduction in VAT, the additional accounts can now be created automatically with the Versino Financial Suite. These include new tax accounts, cash discount accounts and special accounts.

After installing or updating the Versino Financial Suite, you are taken by the hand within the configuration wizard and guided through the creation of the corresponding accounts.

Versino Financial Suite / VAT reduction 1

Create new tax codes and revise documents globally

For those who have decided to create new tax codes for 16 % and 5 % according to the reduced VAT, we have also extended the functionality of the Versino Financial Suite. This decision is linked to other activities in SAP Business One, which the new version of the software supports.

Versino Financial Suite / VAT reduction 2
Contact Versino

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