Tax Filling

Tax Rates

Add tax amount on transactions

Overview

• Add the tax amount in the transactions like invoices, receive money, vendor payments, etc.
• To add a tax amount, select the tax rate from the tax column.
• Add tax in new transactions and already created transactions.

Explanation:

• Add a transaction’s tax amount when the amount needs to be modified.
• Our system calculates tax on a line item, you can also apply tax on an overall transaction as well.
• Transactions you can add a taxon:
  • Quotations & Orders
  • Invoices
  • Refunds
  • Vendor Payments
  • Receive money transactions
  • Manual journals
  • Expenses
• You can add the tax amount on new transactions, and any existing transactions which do not have any payments or allocations applied.