Tax Settings
Here you can add and manage the taxes to be applied on your payment invoices.
Adding Tax
Use this tab when you need to add a new tax that you would use in your payment invoices.
Adding a New Tax
This feature will be used when creating a new tax entry that is expected to be used in your payment invoices. As shown in the GIF below, click on the “Add Tax” option and enter the information as per your specific goal.Adding Tax
Use this tab when you need to add a new tax that you would use in your payment invoices.
Tax Table Information
Internal Tax ID
This is the system generated ID for each tax you have created in your CRM.
Tax Name
Here you will see the name you have given to the Tax such as Sales Tax or Use Tax, District Tax for a specific State etc.
Tax Rate
Here you will see the Tax rate you have specified for the selected Tax such as 7.25% etc.
Tax Description
The information you have provided for each tax will be shown here. Here is the example of Tax Description: statewide sales and use tax 7.25%, which includes 1.25 percent of local taxes (1.00 percent Local Jurisdiction and . 25 percent Local Transportation Fund).
Tax ID Number