Automatic splitting of differentiated VAT
Use the AI Receipt Scanner to automatically identify and extract relevant data from your receipts and invoices. The scanner works on receipts from any country, regardless of origin, therefore you can use it to split receipts based on different VAT rates. The scanner works for both the Continia Expense App and the Continia Expense Portal.
If you want the AI Receipt Scanner to automatically capture VAT data in your scanned attachments, you must add the VAT Amount field on the Configured Fields page in Continia Expense Management. For information on how to add this field, see Setting up fields.
After you've added the VAT Amount field, AI Receipt Scanner identifies any relevant VAT data in the scanned attachments and automatically fills in the field. Furthermore, if two or more different kinds of VAT have been applied to an attachment, the AI Receipt Scanner automatically splits the VAT using the Allocation field. For example, a receipt with a total of $34.90 would be split accordingly:
| VAT % | VAT | Price excluding VAT | Total |
|---|---|---|---|
| 12.00% | 2.40 | 20.00 | 22.40 |
| 25.00% | 2.50 | 10.00 | 12.50To |
| - | 4.90 | 30.00 | 34.90 |
If you added this receipt to an expense in the Expense App, the Allocation field would read Allocation lines: 2, to indicate that the total is split over two lines. If you then select the Allocation field to open the Allocations page, it will display the $34.90 total at the top, followed by the two allocation lines of $22.40 (12.00%) and $12.50 (25.00%) respectively.