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Settings - Tax Codes

Create Tax Codes to be used in SL

Geoff Ostrega avatar
Written by Geoff Ostrega
Updated this week

Description

Manage the available Tax Codes to be used in objects: Sales Orders, Purchase Orders, Bills, and Invoices throughout SoftLedger. Once a Tax Code has been added, it can be selected when creating a Document in the UI, through a bulk upload, or via API. Manage Tax Codes from Settings>Tax Codes.

Note: Tax Codes are meant to be convenience settings to pre-populate and calculate amounts where tax can be applied, but the tax account and rate can be adjusted on a line by line basis.

Add Tax Code

Enter the required fields and click Submit.

Fields:

  • Code - This will be the name of the Tax Code (e.g. VAT) referenced in objects once created.

  • Rate - The percentage Rate (e.g. 15%) to automatically calculate tax amount for the total amount of the object.

  • Tax Account - The account (e.g. Sales Tax) to automatically account the value calculated using the object total amount multiplied by the Rate.

  • Type - Select where this Tax Code can be used (AP Bills, AR Invoices, or ALL)

  • Description - Extra text field to further identify this specific Tax Code.

Example Tax Code

See an example Tax Code setup for "VAT" taxes below:

Once the above Tax Code has been created, you can select the code when creating an object within SoftLedger, such as a Sales Order:

Tax Code Table Actions

  • Edit - Update Tax Code details.

  • Delete - Delete this Tax Code.

  • Search - Search for the Tax Code to find it quickly.

  • Saved Views - You can create a set of filters that you would like to save to be able to quickly filter a table.

  • Column Selector - Hide and reveal extra columns and the number of rows visible in the table per page.

  • Export - Table data can be exported using the export button at the top of the table.

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