Taxes
This article will explain how taxes work and how to use them.
Taxes are a set percentage (%) charged on the 'Taxable Subtotal' of your invoice. There are a few
taxes present in the Taxes master. Go to Masters Taxes
You can use this section to create new taxes to be used on invoices. To create a new tax click on 'Add tax type'.
You can set default taxes to be charged for each customer.
All taxes created would be also be created as separate tax ledgers when you export to Tally.
What are Taxes?
Taxes are a set percentage (%) charged on the 'Taxable Subtotal' of your invoice. There are a few
taxes present in the Taxes master. Go to Masters Taxes
You can use this section to create new taxes to be used on invoices. To create a new tax click on 'Add tax type'.
You can set default taxes to be charged for each customer.
All taxes created would be also be created as separate tax ledgers when you export to Tally.
Next article: Customers
Updated on: 15/09/2020
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