Tax Codes
define the tax rates that apply to your business transactions.
Each tax code represents a specific tax rate or combination of rates that you can apply to sales, purchases, and other transactions.
To create a new tax code, click the New Tax Code
button.
When setting up a tax code, you specify the tax rate and configure how it applies to different types of transactions.
Learn more about tax code setup: Tax Code — Edit
Tax codes appear in this list showing their name and usage.
The Transactions
column shows how many transactions use each tax code. Click the number to view all transactions for that specific tax code.
You can apply tax codes to sales invoices, purchase invoices, receipts, payments, and most other transaction types where tax is relevant.