Automatic VAT Adjustment on the Final Invoice.

The temporary VAT reduction within the German Federal Government's stimulus package is causing headaches, especially for progress and final invoices with different tax rates: Incorrect tax rates must be corrected.

MOCO now offers an optimization for this. It shortens the previously cumbersome process of canceling and reissuing the progress invoice:

If the tax rates of the progress invoices differ from those of the final invoice, MOCO automatically corrects the corresponding amount directly on the invoice – and it is only visible on the PDF!

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This functionality is supported for the time from July during the tax reduction – but also afterwards from January 1, 2021, when the reverse case will occur and there will be progress invoices with 16% and final invoices with 19%.