Hello,
I just recently found out that our memberships are not exempt from VAT. The only reference to Taxes I can find in the Tessitura Documentation is this..
1) Enter a Goods/Services value. This is the taxable amount of a contribution for benefits provided by the membership. This amount is included in any acknowledgements generated for associated contributions. This amount is also deducted from Gift Aid payments to determine the Applicable amount.
NOTE: Frequently Basis Amt and Goods/Services are set to the same value, so that constituents do not receive the benefits of a membership prior to paying for the value of the benefits.
Is anyone using this to break out your taxes/vat? If so how does this work for you and how does it translate in the posting report? Does this break out to different GL's?