Helpbank feedsBank Tax Auto-Apply
Bank Tax Auto-Apply
Learn how VAT is automatically applied to transactions in the AI Bank Transactions Center.
beginner· 3 views· Updated 7/18/2026
In the AI Bank Transactions Center, VAT is automatically applied to transactions when they are categorised. This is based on the account type, transaction amount, and your Tax Profile settings. Each time VAT is applied, a log entry is created for auditing purposes. This ensures that your tax obligations are consistently met without manual intervention.
Step-by-step
- 1Categorise transactions
Go to Transactions in the sidebar and categorise your bank transactions. The system will suggest VAT application based on your settings.
Use the GL picker to see 'Top suggestions' for accurate categorisation. - 2Review VAT application
Check the log entries to ensure VAT has been applied correctly. This helps maintain accurate financial records.
Log entries are automatically created for each VAT application.
Was this article helpful?
Need more help?
Ask AkountFly: it can answer follow-ups AND read your live business data.