On the navigation bar, select the Accounting tab and Chart of Accounts menu.
On the page, to the right, please click the Add Account button.
Complete the form and check This is a Tax Account.
Only accounts with type, Current asset and Current liability, and subtype, Other asset and Other liability, can be defined as tax account.
Defining a Tax Account
In the Chart of Accounts, click on the ellipses on the account you want to define as tax account.
Click on Promote to Tax Account.
Only accounts with type, Current asset and Current liability, and subtype, Other asset and Other liability, can be defined as tax account.
Creating Tax Office
On the navigation bar, select the Settings tab and Taxes menu.
On the page, to the right, please click the Add Tax Office button.
Complete the form and click on Confirm. Note : For USA, users will have to also create a Current Asset - Other Current Asset account for the Tax Receivable account. It will not be used for transactions but it is needed to create the tax office.
Creating a Tax
After creating the tax office, click on Add Tax.
Complete the form and click on Confirm.
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