Employees can complete their transactions with their payment receipts and VAT rates applied in only a few seconds directly from their mobile application.
For companies benefiting from a Standard, Premium or a Corporate plan, the VAT rate is automatically detected by Qonto´s algorithm once the receipt is uploaded. Users just have to confirm it.
For companies benefiting from a Solo plan, VAT data must be selected and entered manually according to the rate and the amount indicated on the transaction receipt.
Collect the VAT to prepare your accounting
Considering the workload of an entire team, the real-time and automated VAT detection and entry is a major time-saver for a company.
Note: If several VAT rates are applied to one transaction, you can find them in the Others section while filtering your transactions.