Create a Single-rate Sales Tax
Create a Single-rate Sales Tax
- Open the Manager > Taxes window
- Click the '+' button in the left-hand Groups pane
- Add the Group Tax name
- With that name highlighted, click the '+' button in the right-hand pane
- Add a Tax name and rate
- Place a check mark in the box indicating this rate should be applied to new products when they are added (if appropriate)
- Indicate how this Group should be used (Sales, Purchases, All)
You can use the above single-rate steps to create several tax groups that can be applied to various Products (different Tax Group of rates for different products).
On invoices, products will be taxed at the Tax Group rate, while the Tax report will show the sales tax collected for the tax authority.
To Implement the above Tax Groups
In the Manager > Products > Pricing window, select the Tax Group that applies to the Product