When setting up static homes in Navigator, it’s crucial to configure pricing, VAT rates, and optional features correctly to ensure accurate financial processing and compliance with VAT regulations.
Step-by-Step Guide to Setting Up a Static Home
1. Create a New Price File
- Navigate to the Price File Setup section
- Select Holiday Home from the dropdown menu
- Fill in the remaining options to complete the price file creation
2. Set Retail & Cost Prices
- Enter the Retail Price (selling price of the static home)
- Enter the Cost Price (purchase or stock price)
- Choose "REDUCED" as the VAT Status
✅ This applies a 5% VAT rate, as required for static homes
3. Set Up Fixtures & Fittings
- Configure fixtures & fittings as a Dealer Option
- This allows you to select the correct VAT rate:
✅ 5% (REDUCED VAT) for applicable items
✅ 20% (STANDARD VAT) for items that require full VAT - ⚠️ Do NOT set fixtures & fittings as a Factory Option, as this does not allow VAT rate selection
4. Ensure Correct VAT Calculation
- When the Sales Order is raised, the system will:
✅ Automatically apply the correct VAT rate (5% or 20%) based on the configured options
✅ Calculate VAT accurately for the static home and associated options