In their economic activity, taxpayers carry out operations that may or may not generate the right to deduction. The fees supported in these activities are only non-deductible in a certain proportion.
In order to make it easier for companies to calculate in a simple way, we have developed the VAT prorrata application for 365 Business Central designed so that it can be applied both for the pro-rata rule, as well as for non-deductible fees in full, with the great advantage that it is calculated and recorded automatically, saving time and possible errors if it is done manually.
The system, by itself, calculates and adjusts the percentage of definitive pro-rata, being able to account for pro-rata on the same expense of the invoice or on a specific expense account. The cost of the pro-rata is passed on to the cost of the product or of the fixed asset and if you have the SII of ACTIO, the correct quota and deductible quota data are sent.