Settings - Tax Codes

Created by Travis Lander, Modified on Thu, 18 Feb, 2021 at 9:59 AM by Travis Lander

Description

Manage the available Tax Codes to be used in objects: Sales Orders, Purchase Orders, Bills, and Invoices throughout SoftLedger. Once a Tax Code has been added, it can be selected when creating a Document in the UI, through a bulk upload, or via API. Manage Tax Codes from Settings>Tax Codes.

Note: Tax Codes are meant to be convenience settings to pre-populate and calculate amounts where tax can be applied, but the tax account and rate can be adjusted on a line by line basis.

Add Tax Code

Enter the required fields and click Submit.

Fields:

Code - This will be the name of the Tax Code (e.g. VAT) referenced in objects once created.
Rate - The percentage Rate (e.g. 15%) to automatically calculate tax amount for the total amount of the object.
Tax Account - The account (e.g. Sales Tax) to automatically account the value calculated using the object total amount multiplied by the Rate.
Description - Extra text field to further identify this specific Tax Code.

Example Tax Code

See an example Tax Code setup for "VAT" taxes below:

Once the above Tax Code has been created, you can select the code when creating an object within SoftLedger, such as a Sales Order:

Tax Code Table Actions

Edit - Update Tax Code details.
Delete - Delete this Tax Code.
Search - Search for the Tax Code to find it quickly.
Saved Views - You can create a set of filters that you would like to save to be able to quickly filter a table.
Column Selector - Hide and reveal extra columns and the number of rows visible in the table per page.
Export - Table data can be exported using the export button at the top of the table.