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Tax

Manage taxes​

  1. You can add tax records by entering details such as the name of the tax, the item it applies to, and the percentage rate of the tax.

  2. You can also ensure that all tax records are accurately maintained for compliance and financial reporting purposes.

Add Taxes​

  1. Navigate to the 'Taxes' tab.

  1. Click on the "Add Tax" button.

  1. Fill in the required fields that appear, such as the name of the tax, the item name it applies to, and the percentage rate of the tax.

  1. Once all details are entered, click the "Save" button.

  1. This information helps in ensuring that all financial transactions include the correct tax calculations and are compliant with relevant tax regulations.

In the Tax Tab, you can include the following details to manage taxes applied to various items:

  1. Tax Name: The name or identifier of the tax (e.g., GST, VAT, sales tax).
  2. Item Name: The name or description of the item or service to which the tax is applied.
  3. Tax Percentage: The percentage rate of the tax applied to the item or service.

Edit the saved Tax​

  1. Access the Edit Feature: Locate and click on the 'Edit' icon next to the tax information you want to update.

  1. Modify Tax Details: Adjust or add new information to the tax record as required, such as tax rate, applicable items, or validity dates.
  2. Confirm and Save: After making changes, click the 'Save' button to ensure all updates are correctly saved to the tax record.