Tax Codes define the different 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'll specify the tax rate and configure how it applies to different types of transactions.
Learn how to set up tax codes: Tax Code — Edit
Once created, tax codes appear in this list showing their name and usage.
The Transactions column displays how many transactions use each tax code. Click the number to view all transactions for that specific tax code.
Tax codes can be applied to sales invoices, purchase invoices, receipts, payments, and most other transaction types where tax is relevant.