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 “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” or “standard” plan, VAT data must be selected and entered manually according to the rate and the amount indicated on the transaction receipt.
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.