Taxes
To calculate the amount of tax on an Item's purchase or sale, a Tax entry has to be selected on the invoice row.
::: tip Auto Set Tax If the Tax has been set on the Item then it will be auto set in the invoice row. :::
Tax entries can be made from the Tax page: Setup > Taxes
Tax Fields
A Tax entry has just two fields
- Tax Name: a unique name to identify the tax by.
- Tax Detail: a table where the Tax account along with the Tax rate is set.
::: info Tax Detail Tax Detail is a table as a single tax can have multiple components each with a separate account and rate. :::