Tax descriptions allow you to create and manage various tax rates that reflect the specific requirements of your business. You can customize these descriptions based on the regions or types of taxes relevant to your operations, enabling accurate and efficient application of tax rates across your system.
View Setting
➡️ Profile Icon > Settings > Finance > Tax Descriptions > View
Set Up a New Tax Description
➡️ Tax Descriptions.
In the form on the left, select the State (or relevant category).
Enter a Title for the tax description.
Click Add Tax Description to save it.
The new description will appear in the list on the right.
Click Add Tax Rate.
Select any Tax Components that define your tax description (e.g., state tax, city tax).
Assign specific Percentages to each component as needed.
Review and Save
Check that the Total Tax Rate matches the required rate.
Click Add Tax Rate to save the description and its components.