How to set up Taxes?

Let’s see how to set up Taxes in Envoici for other Taxes.

1) Go to Accounting > Taxes

2) Click on New Tax to add a new tax rate if applicable.

3) Please fill out the details.

4) Filing frequency: Select the option from the drop-down namely Monthly, Quarterly, Half Yearly or Yearly.

5) Tax applies to sales or purchases

6) Calculate on: Mention the percentage of the base price on which tax is to be calculated

7) Sale tax rate

8) Purchase tax rate

9) Description: Details about the tax

10) You can also add up linked taxes.

Fill in details such as Tax Name, Registration number, calculation method, sales tax rate, and description.

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