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Manage Reverse Charge VAT and open Jobs in Read Only mode

March 26, 2021

Welcome to your latest simPRO update. This release will be rolling out into your build from Sunday the 8th of March and includes the following features and improvements:
This article originated from the Xero blog. The XU Hub is an independent news and media platform - for Xero users, by Xero users. Any content, imagery and associated links below are directly from Xero and not produced by the XU Hub.
You can find the original post here:
https://www.simprogroup.com/blog/rrc-update-21-1-5

Manage Reverse Charge VAT

UK Only

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On the 1st of March 2021, the HMRC changed UK VAT legislation for VAT registered customers as well as VAT and CIS registered contractors. This means you may be required to manage VAT in simPRO differently.

Reverse Charge Tax in simPRO

To assist your business with these changes, our latest update includes the new Reverse Charge Tax feature that enables you to record and account for reverse charge VAT while remaining compliant with the change in legislation.

Apply reverse charge VAT

You can now create a reverse charge tax code and apply this to items and labor on a job or to contractor work orders. These will then display on the invoice or contractor invoice, ensuring everyone involved in the work remains compliant and aware of which party holds onto the VAT amount.

Using accounting software?

If your simPRO build is integrated into accounting software, it is important to ensure that your accounting package contains the relevant reverse charge tax codes and that they are mapped appropriately to those created in simPRO.

Learn more about the Reverse Charge Tax feature

Open Jobs and Quotes Read Only mode

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Sometimes you only need to view a Job or Quote without requiring access to edit. Following our latest update, if you only need to reference a quote or job, and not edit it, you can open in Read Only mode so that other users can have full access. This means everyone can access the job information they require, when they need it, without bothering those who are editing!

Keep customer labor rates up to date

We have made it even easier to manage customer labor rates by improving the way labor rates can be updated. Now you can select to only update labor rates for customers on standard rates. This enables you to update rates for customers who require the change, and avoid changing the rate for customers who are already on a non-standard rate.

What else is new in simPRO?

With every release, there are slight improvements in addition to the main features we’ve included above. You can read the outline of all the enhancements made in the dedicated release notes for 21.1.5 in our Help Guide.

Why leave it there?

To find out more about simPRO

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