Invoices
  • Entities
    • How do I create a new entity?
    • How do I edit an existing entity?
  • Invoices
    • Create the invoice for an entity
    • Edit the existing invoice
    • Filter invoices
    • Status of Invoices
    • I don't want to send Invoice from eProcessify Invoices. How can I mark invoice as sent?
    • How do I download an Invoice PDF?
    • Printing Invoices
      • How do I print an Invoice?
      • I want to print the transportation copy and the customer copy separately. How can I do that?
    • Set the due date of Invoice
    • Add bank details on the Invoice
    • Hide or show payment terms on the Invoice
    • Add E-Signature to the Invoice
    • Export invoices to an Excel sheet
    • Proforma Invoice
      • How do I send a Proforma Invoice?
      • Convert a Proforma Invoice to a Tax Invoice
      • View all Proforma Invoices
    • Invoice Numbering
      • Set Invoice Number format and Invoice Prefix
      • Set the Invoice number manually
      • I am starting in the middle of FY. How can I set my numbering?
    • Cancel Invoice
  • Payments
    • How do I add payment to an invoice?
    • How do I send a payment receipt to the customer?
    • Edit or Delete the payment
    • View all payments
    • Export payments to an excel sheet
  • Clients
    • How do I add a new client?
    • How do I edit an existing client?
    • Custom Fields
      • How do I create a custom field?
      • How do I edit an existing custom field?
      • How do I set custom field values while adding a new client?
      • How do I upload a document in a custom field with the type Image/Document?
    • Contacts
      • Create a contact and assign it to an existing client
      • Edit a contact
      • Unassign a contact from the client
      • Assign a contact to the client
  • Team Members
    • Invite team members
    • Access Roles
  • Invoice Items
    • How do I create or add an Invoice item?
    • Edit an Invoice item
    • Delete Invoice item
  • Tax Presets
    • Add Tax Preset
    • Default Tax Preference
  • Reminders
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Tax Presets

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Last updated 11 months ago

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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.