Tax Rates
Tax rates are the tax settings Purchasing uses on purchase order and invoice lines. They let your team keep the available rates up to date and control which one is the default.
Where tax rates fit
| Area | How tax rates are used |
|---|---|
| Purchase Orders | Purchase order lines can use the tax rates set up here. |
| Ready to Pay | Invoice values and tax amounts use these rates during settlement. |
| Integration Settings | Tax rates can be mapped out to external finance systems. |
Add a tax rate
- Go to Purchasing → Tax Rates.
- Click Add Tax Rate.
- Enter the name.
- Enter the rate as a decimal value.
- Set the tax type.
- Set the jurisdiction if you use one.
- Turn on Default if this should become the default rate.
- Leave Active turned on if the rate should be available for use.
- Click Create.
Edit a tax rate
- Go to Purchasing → Tax Rates.
- Find the rate in the list.
- Click Edit.
- Update the details.
- Click Save.
Delete a tax rate
- Find the tax rate in the list.
- Click Delete.
- Confirm the change.
Things to know
- The default setting moves when you mark a different tax rate as default.
- Inactive tax rates stay on the list but are marked separately from active ones.
- The rate field expects a decimal value, so 20% is entered as
0.2000.