How to enable VAT tracking?

Brex Plus For a given entity, you’ll first need to enable Value-Added Tax (VAT)  tracking to add VAT information to transactions. This feature is only available if you use NetSuite or if you are using custom CSV accounting. Please reach out to Brex Support if you need help getting started.

For NetSuite users

Step 1: In your dashboard, go to Accounting, click on Manage accounting fields, and then on Mappings.

Step 2: Click on the entity you want to enable VAT tracking on, and then click on Tax codes.

Step 3: Select a VAT general ledger. This is the GL account where Brex will post VAT in your NetSuite instance. You’ll need to refresh your connection for these changes to reflect.

Step 4: Enable the Tax code management toggle, and then select which tax codes you want your employees to see.

For custom CSV users

Step 1: In your dashboard, go to Accounting, click on Manage accounting fields, and then on Mappings.

Step 2: Click on the entity you want to enable VAT tracking on, and then click on Tax codes.

Step 3: Go to the Tax codes section and click on Create your first tax code.

Step 4: In this pane, you can create, delete, enable, and disable tax codes. For each transaction, employees will be able to select from enabled tax codes only.