The Goal: Create tax sets that combine one or more tax rates together, so taxes become available for selection when you create goods & services.
Before You Begin:
- You need permission to manage billing and tax settings.
- Setting up taxes is a multistep process. If any of your goods/services are taxable, you will need to configure each of the following first:
- Have your individual Tax Rates created. Click Here for information on setting up individual tax rates.
What is a Tax Set? Tax sets allow you to combine several tax rates together. For example, if you will have local, state, and county taxes, you can create a set that includes each of these tax rates together so you can view the breakdown of the taxes by collecting agency. There are two ways of setting up taxes — Simple and Custom.
| NOTE: Even if you are NOT combining several rates together, sets MUST be created to make the taxes available for selection when creating goods & services. |
Microlearning Overview
Step-by-Step Instructions
- Create individual Tax Rates. Click Here for information on setting up individual tax rates.
- Go to Finance, Tax Settings section, then click Tax Sets and click Add.
- Enter a name for the new tax set.
- Select the Tax Region from the drop-down box.
- Click the
to select the tax rate to be included in the set. Begin typing the name of a tax rate created previously on the Tax Rates page.
- Repeat the previous step to add additional tax rates to the set. NOTE: If you are simply creating a tax set for an individual tax rate, you need only select the one associated tax rate.
- Click Done.
Common Pitfalls
- Skipping the tax set entirely: Even when a tax has only one rate, you must still create a tax set — otherwise the tax will not be available for selection when you create goods & services.