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Taxes

Your business’ financials are affected by regulatory taxes and each organization has different country specific taxes to adhere to. You may have added Taxes in the Quick Setup section. You can edit or add further Taxes through the Settings section.


Adding New Taxes

To create or add a new Tax, follow steps as below:

New tax

Note: Compound Tax - In some countries you might have to collect more than one tax from your customers. It is for you to pay to your local province and another to the federal authority. In certain cases, the provincial tax is applied on the total that includes the item or invoice amount as well as the federal tax amount. Such taxes are called as Compound Taxes.


Editing Taxes

To edit an existing tax, please follow the steps below:

Edit tax

Update Tax Rate


Deleting Taxes

To delete an existing tax follow steps as below:

Delete tax


Adding a New Tax Group

It is customary in some countries to club some taxes under a common head. In such cases you will have to create Tax Group which will fullfill this regulatory requirement. To create a Tax Group follow steps as below:

Add Tax group


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