Line Concepts: VAT, Discounts, and More
ERP systems allow users to specify detailed information on each line item of a sales order, such as VAT (Value-Added Tax), item discounts, and shipping costs. This ensures transparency and accuracy in the sales process.
Key Concepts in Sales Orders:
VAT Amounts: ERP systems automatically calculate VAT based on the customer's location and the type of goods being sold.
Discounts and Promotions: Discounts can be applied per line item or to the total order.
Shipping and Handling Fees: Additional charges related to delivery can be added to the order.
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