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!
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
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!
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.
great!!
how can I use it?? where I can set the Pre-paid tax??
Hello Rikk Can you please refer the following forum post, where we have given the complete details (please scroll down to the post by Prasanna)- http://forums.zoho.com/forumHome.do?forumTopicId=2266000000030456&forumGroupId=2266000000002001&tp=false&ch=false Let us know if you need any further details. Regards Siva
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... Sincerely Jan
@janvdr Hello, 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- http://blogs.zoho.com/general/zoho-invoice-integrates-with-zoho-crm 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
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