Tax Presets
Last updated
Last updated
eProcessify often includes features for managing tax presets and default tax rates. These settings help streamline the invoicing process by automatically applying taxes to invoices and ensuring accurate calculations. Here's an overview of tax presets and default tax rates in eProcessify.
Tax presets in eProcessify allow users to create and manage different tax rates for sales and purchase transactions.
These presets are used to calculate sales and purchase taxes on invoices, quotes, purchase orders, and bills.
In most cases, you will only need one tax rate for each option. However, if your country or tax jurisdiction requires multiple tax rates when invoicing, you can add additional tax rates to accommodate this.
Default Tax Rates:
Default tax rates are used to automatically apply taxes to invoices without the need for manual entry.
In eProcessify, you can include a default tax rate in your invoice templates, which speeds up the invoice creation process.
When creating invoices, you can define which services are subject to tax and which are not using checkboxes or other options.
