Sometime back one of our beloved customer had asked us to support “ritenuta d'acconto” in Zoho Invoice. Yes, you read it right! “ritenuta d'acconto” in Italian stands for tax that is pre-paid by the seller.
In some countries (especially Italy) it is a common practice for the sellers to pre-pay the tax. Say for example (I am using the same example posted by our customer) a $1000 consultancy made by a professional would have a +20% VAT on its price and a -20% "ritenuta d'acconto" (a pre-tax paid by the seller) on its price. The total would amount to $1000. The law however requires both the tax and the pre-paid tax be shown on the invoices.
Now you can do that! Just add the tax as is it and add the pre-paid tax as a negative tax. Shown below is a snap of invoice that I had created for the above example.
You can see the original request here.
Hope this feature will come handy for our other customers also. Give this a try and let us know your comments.
Happy Invoicing
Siva
The prepaid tax is not working correctly with stacke tax. For example need to make an invoice of 1000€ + 4% of INARCASSA + 21% VAT -20% of prepaid tax.
But while the VAT is appling on the total + 4% the prepaid tax must be applied only to the net total. I cannnot figure out how to do this. Thanks.
The prepaid tax is not working correctly with stacke tax. For example need to make an invoice of 1000€ + 4% of INARCASSA + 21% VAT -20% of prepaid tax.
But while the VAT is appling on the total + 4% the prepaid tax must be applied only to the net total. I cannnot figure out how to do this. Thanks.
@janvdrHello,Thanks for the post. It is good to have more potential markets. As of now you can sync "Accounts" and "Contacts" from Zoho CRM to Zoho Invoice. Please find more information at-https://blog.zoho.com/general/...Once we enhance the integration, your requirement will be fulfilled. We have plans for a two way enhanced integration. We will update you as we progress.Thanks for your patience.Regards
Nagendra
Zoho Invoice Team
@janvdrHello,Thanks for the post. It is good to have more potential markets. As of now you can sync "Accounts" and "Contacts" from Zoho CRM to Zoho Invoice. Please find more information at-https://blog.zoho.com/general/...Once we enhance the integration, your requirement will be fulfilled. We have plans for a two way enhanced integration. We will update you as we progress.Thanks for your patience.Regards
Nagendra
Zoho Invoice Team
Well there is another HUGE UNTAPPED MARKET for Zoho...In Mexico and in other Latin American Countries, to legally issue an invoice i have to include the Customeras Tax Id. This is normally stored in Zoho Crm in a custom field in the accounts module.I can NOT import these data from ZOHO Crm actually. If that gets fixed (may be by the Zoho MySql Cloud) sales for Zoho in Mexico will GO UP.I will make sure that it happens...SincerelyJan
Well there is another HUGE UNTAPPED MARKET for Zoho...In Mexico and in other Latin American Countries, to legally issue an invoice i have to include the Customeras Tax Id. This is normally stored in Zoho Crm in a custom field in the accounts module.I can NOT import these data from ZOHO Crm actually. If that gets fixed (may be by the Zoho MySql Cloud) sales for Zoho in Mexico will GO UP.I will make sure that it happens...SincerelyJan
how can I use it??
where I can set the Pre-paid tax??
how can I use it??
where I can set the Pre-paid tax??
great!!
great!!
That's just brilliant, I think the same feature can be used for intra-Community sales (sale of goods between EU countries), which are exempt from paying VAT.
That's just brilliant, I think the same feature can be used for intra-Community sales (sale of goods between EU countries), which are exempt from paying VAT.
Good work. I was struggling with the TDS that is deducted before giving the payments. Probably I can make use of this feature to account that.Thanks!
Good work. I was struggling with the TDS that is deducted before giving the payments. Probably I can make use of this feature to account that.Thanks!