Summary
This article will summarize the features of the Taxes Tab in your ServiceBox settings.
Taxes Tab
This Tab has information related to Taxes that will be used in Quotes and Invoices for your ServiceBox. An example is shown in the following screenshot.
Here is a list of customizable features within the Taxes Tab, along with a brief description of each feature:
- Sales Taxes:
- This is where you will enter individual sales taxes. Each of these sales taxes will be entered into a Tax level that will be used in Quotes and Invoices. Individual taxes are not used on their own; you must add them as Tax Levels. You can add, edit, and delete Tax Rates from this table. We recommend entering each individual tax into this table. Each entered tax will require the following.
- Code: This is the name of the tax. For example: PST.
- Rate: This is the tax rate decimal. For example, for a tax of 5%, you would input 0.05 into this field.
- This is where you will enter individual sales taxes. Each of these sales taxes will be entered into a Tax level that will be used in Quotes and Invoices. Individual taxes are not used on their own; you must add them as Tax Levels. You can add, edit, and delete Tax Rates from this table. We recommend entering each individual tax into this table. Each entered tax will require the following.
Tax Levels:
This is where you will group together the various tax combinations that are used in Quotes and Invoices. Any items in this table can be selected in a Quote or an Invoice. The following fields are required when inputting tax levels:
Name:
The name of the tax level. For example, in the above screenshot. We have included only GST for the GST tax level.
Included Taxes:
Here you can multi-select taxes to be included on Quotes and Invoices. You can add one or more Sales Taxes in these items. For example, in the above screenshot, for the GST and PST tax level, we have included both GST and PST Sales Taxes in the Included Taxes section.
Default:
By selecting yes in the default section, this will default to including the corresponding tax level to Quotes and Invoices when a new item is added.
Apply Sales Tax to Each Line Item:
Check this box if you are using Sage 50 or QuickBooks Online. Uncheck this box if you are using QuickBooks Desktop.
Click here if you would like a more detailed explanation on how to do taxes in ServiceBox.