Tax Rates

Taxes must be set up to properly process the applicable taxes applied to products and services. Taxes will then be linked to regions.

Start by creating taxes which will then be added to each region.

Regions are attached to Customers and Vendors allowing you to sell into separate provinces and states while making purchases from vendors in different provinces and states. 

Click here to learn how to attach taxes to regions

Example

Canada's Province	Rate type (HST, GST, PST)	Provincial rate	Canada rate	Total
Alberta	GST	0%	5%	5%
British Columbia (BC)	GST+PST	7%	5%	12%
Manitoba	GST+PST	8%	5%	13%
New-Brunswick	HST	10%	5%	15%
Newfoundland and Labrador	HST	10%	5%	15%
Northwest Territories	GST	0%	5%	5%
Nova Scotia	HST	10%	5%	15%
Nunavut	GST	0%	5%	5%
Ontario	HST	8%	5%	13%
Prince Edward Island (PEI)	HST	10%	5%	15%
Québec	GST + QST	9.975%	5%	14.975%
Saskatchewan	GST + PST	6%	5%	11%
Yukon	GST	0%	5%	5%

Steps

Go to Settings and choose Tax Rates under the Accounting Heading.

Select the [+ New Tax] button in the top right corner to add new taxes.

Fill out the fields with the code being the exact wording that will appear on customer receipts.

• Code: Assign a code for example: SK for Saskatchewan.
• Name: Assign a name for tax for example: Saskatchewan PST.
• Liability Account: If applicable, select an account from the drop-down menu.
• Type: Select from Percentage or Per Unit Fee (Levy).
  • The Levy can be used for occasions when certain products incur a mandatory fee whenever sold.
• Rate: Enter the rate of tax.
• Status: The status can be set to Active or Deleted.

Finish by clicking on the [Save] button. You will now be able to see a list of all tax rates that have been created.

When creating (Quotes, Sales Order, Work Orders, Invoices and Purchase Orders) you will be able to apply the correct taxes to the Customer(s) or Vendor(s) region.