By Industry
Grocery & Food Retail
Grocery and food retail has a structural accounting problem most other retail doesn't: a single supplier invoice can legitimately contain several different VAT rates on different lines — fresh food at a reduced rate, packaged goods at standard rate, sometimes both on one delivery note.
What Makes This Industry Different
Bookkeeping software that forces one VAT rate per invoice simply can't represent this correctly, which pushes the real work onto a person: manually splitting invoices line by line, or worse, applying an average rate and hoping it nets out. On top of that, grocery retailers deal with a very high count of small supplier invoices relative to revenue, because margins are thin and turnover is constant.
Why It Matters
Getting VAT-rate splitting wrong isn't a rounding error — it's a compliance risk that compounds every month it goes uncorrected. And the volume problem (many small invoices) means that even a small amount of manual work per invoice multiplies into a lot of hours across a month.
How It Works for You
FiscFort reads invoices line by line, not document by document, so mixed-VAT-rate invoices are split correctly at the point of intake rather than fixed later. Each line is reconciled against the bank payment as part of the same automated pass, so the accountant reviews a correctly-split, bank-matched invoice — not a flat one they have to pull apart themselves.