Edition: Enterprise
User-level: Director, System Administrator
Creating tax rates enables you to apply them to expenses and invoice stages.
Organisation menu> Settings > Financial > Tax
Select Add in the top-right corner of the page
Enter the tax Code (shown to clients in invoices, eg. GST, VAT)
Enter tax Description
Fill in the Component section with Name, Rate and Compound
Select Save
Example below:
After the tax rate is added, it will be available for use in new projects. The Code entered will appear in invoice templates where tax is applicable.
Tips!
You can set up multiple tax rates, including tax rates for projects using foreign currencies