Sometimes, an amount is made up of multiple VAT rates. Think, for example, of a meeting arrangement in which you have to deal with products such as a beamer and room hire, but also catering. In order to split this well, you can make use of compound VAT rates.
Step 1: Go to setup via the main menu
Step 2: Click on packages or products in the setup menu and select a product or package.
Step 3: Go to the price heading
Step 4: Add an additional VAT rate by clicking the 'Extra VAT rate' button
Step 5: Split the amount under the correct VAT rate
Step 6: Save your data
On a quotation, this compound price is not split up but put neatly on one line (the VAT is indicated as var.)
On an invoice, however, the different rates are split.