Drafts and automatic project invoices

For drafts and automatic project invoices Profit uses certain rules in the case of prices including VAT.

When generating drafts or automatic project invoices Profit performs a check on the debtor for whom the draft or invoice will be generated. If the Price inclusive of VAT check box is selected for the debtor, then the Sales price inclusive of VAT check box is also selected in the header of the draft or invoice.

If the Price inclusive of VAT check box is selected, the following occurs in the lines of the draft or invoice:

• If only a sales price excluding VAT is entered in the invoice line, this price is copied to the price excluding VAT in the draft/invoice line and the price including VAT in the line is calculated from the exclusive price.
• If only a sales price including VAT is entered in the invoice line, this price is copied to the price including VAT in the draft/invoice line and the price excluding VAT in the line is calculated from the inclusive price.
• If both prices are entered in the invoice line, only the price including VAT is copied to the price including VAT in the draft/invoice line and the price excluding VAT in the line is calculated from the inclusive price.

To generate drafts and automatic project invoices including VAT:

1. Go to:
   • Projects / Invoicing / Drafts.
   • Projects / Invoicing / Invoice automatically.
2. Please refer to the description given for Automatic project invoices or Draft invoices for further information.