To set up a static home in the system, follow these steps:
Create a New Price File:
- Select Holiday Home from the dropdown menu.
- Fill in the remaining options to create the new price file.
Set Retail & Cost Prices:
- Enter the retail and cost prices.
- Choose “REDUCED” as the VAT status, which applies a 5% VAT rate.
Set Up Fixtures & Fittings:
- Configure fixtures and fittings as a “Dealer Option”. This allows you to select between 5% (REDUCED) and 20% (STANDARD) VAT rates.
- Do not set them up as a Factory Option, as this does not provide VAT options.
Ensure Correct VAT Calculation:
- Once configured, the system will correctly calculate the VAT when the Sales Order is raised.
This setup ensures that VAT is accurately applied and calculated according to the specific requirements for static homes and their associated options.