Updates are only required if you do monthly Auto Billing or you use the Automatic Re-Order process or you sell Airtime at the Point-of-sales. Contact us on 011 431 0192, if you are unsure.

The Intouch VAT update Utility provides two options on how you want the system to update the current active price.

• If you want do not want to update the shelf prices then select the first option: Update Current Active Price to Current Active Price Excl x 1.15 (If price Incl is R 114.00 then the new price Excl will be R 99.13)
• if you DO want to update the current active price then choose option 2: Update Current Active Price to Current Active Price Incl / 1.15 (If price Incl is R 114.00 then the new price Excl will be R 115.00)

All refunds and credits will be refunded against the original price it was purchased at i.e. purchases prior to 1 April 2018 will be refunded/Credited at 14%. Open Refunds will be at 15%

All the selling prices including prices 1 - 11 will be updated as well.

No, you will have to ran a Price Adjustments and re-calculate the prices to the nearest 10 cents.

There is no affect on cost or last cost pricing. Cost is always ex VAT.

No, any operator on Intouch or Prophet will have access to run the utility.

When GRVing an invoice done at 14% after the VAT increase, capture the GRV as normal. Once all items have been added to the GRV , press Ctrl+Alt+R and enter the VAT %. Only vatable items will be changed and recalculated.

If you GRV off a Purchase Order then you should have no need to recalculate VAT as the VAT rate will be based on the VAT rate one from the Purchase Order.

 

Similarly should you receive a GRV off a purchase order that was done at 14% but needs to be received at 15% , before posting the GRV, press Ctrl+Alt+R and enter the VAT Rate required.

Quotes generated before the 31 March 2018 at will stay at 14% VAT once invoiced, any quotes generated after the 31 April 2018 will be invoiced out at 15% VAT.