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

1. Tax Name: a unique name to identify the tax by.

2. 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. :::