You can use the Default VAT/Tax Codes feature in Company Settings to configure your preferred VAT codes for a specific VAT rate. Once set up, AutoEntry will automatically populate the VAT Code dropdown for you.
This default vat code will only populate if you haven't activated any specific codes via the "Remember me" option.
📌TIP: This is especially useful for Sales invoices whereby it's generally the same VAT code you use for all sales.
How do I set default VAT rates?
Access your company homepage or select the company from your Companies list.
Go to your Company Settings, located on the left-hand side of your company homepage.
Under the Accounting Settings heading, tick the box to enable the Default VAT Codes option.
Once the option activated, click the Add VAT Code button.
Select your preferred VAT code from the list.
For example, you might have three or four different options for 20% VAT (between Purchases and Sales). Select the code you use most regularly and AutoEntry fills in the percentage rate to the right.
Once set up, the next time AutoEntry processes an invoice that has no previously remembered VAT Code, it will automatically enter your default code.
You can add as many VAT codes as you wish, although there can only be one preferred code per VAT rate. If you need to apply a different code, you need to amend the automatic selection before you publish or approve the invoice.