Overview

Tax rate management allows you to configure system-wide taxes like GST, VAT, or other applicable rates. This ensures all invoices and transactions adhere to tax compliance requirements.

Key Features

• Add and manage multiple tax rates.
• Define tax types, rates, and applicability.
• Automatically apply taxes to invoices and estimates.

Step 1: Adding a Tax Rate

1. Navigate to Settings > Tax Management in the platform.
2. Click Add Tax Rate.
3. Enter the following details:
   • Tax Name: Name of the tax (e.g., GST, VAT).
   • Tax Type: Choose between percentage (%) or fixed amount.
   • Tax Rate: Specify the rate (e.g., 5%, 18%).
4. Click Save to apply the tax rate across the system.

Step 2: Managing Tax Rates

• Use the action buttons to edit or delete existing tax rates.
• Deactivate tax rates that are no longer in use to keep records clean.

Step 3: Applying Tax Rates

• While creating an invoice or estimate, select the appropriate tax rate for items or services.
• Preview the document to ensure taxes are calculated correctly before finalizing.