Sales Tax Treatment

Sales tax calculations are based on when and how you enter transactions into Splendid Accounts, and the tax rate selected for each line item.

The sales tax portion of each transaction (or line items within a transaction) is determined by the tax rate you select when creating a tax – Tax on Sales (n%)

Purchase Tax Treatment

Purchase tax calculations are based on when and how you enter transactions into Splendid Accounts, and the tax rate selected for each line item.

The Purchase tax portion of each transaction (or line items within a transaction) is determined by the tax rate you select when creating a tax – Tax on Purchases (n%).