Understanding the Taxes section

This article will guide you on steps to setup taxes that will be used for invoices.

What are Taxes?

Taxes are a set percentage (%) charged on the Taxable Subtotal of your invoice.

Go to Masters - Taxes. Here you will see a list of taxes that are generally applied to an invoice.

Here you will enter the following:

1- Tax Name:

Enter the tax name for your reference

2- Percentage %:

Enter the percentage of tax to be applied to the subtotal on the invoice

3- In-Active:

If you do not want this particular tax to be available while generating an invoice, keep this box checked.

You can set default taxes to be charged for each customer.

Important - All taxes will also be created as separate tax ledgers when you export to Tally.

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