Company Class VAT - NET or GROSS?

Company Class VAT - NET or GROSS?

Question/Problem

VAT is being calculated incorrectly for companies belonging to a single Company Class.

Solution

Company Class is the highest priority variable used within KCC. If there is a mismatch between Company Class and other settings throughout the system then it is the Company Class setting which will be used.
  1. Go to [System Setup | System Data | Company Classes].
  2. In the grid ensure that the company class affected has the Order Defaults CALC METHOD set appropriately.
    1. Setting changes in Company Classes will affect all members of the Company Class being edited.

See also:

See the FAQ here, VAT calculations to see the different calculations in effect.