Manage tax codes, rates, e-Invoice and returns.
What you will learn
- How tax groups and tax rates are structured.
- How date-based rates keep tax correct over time.
- How e-Invoice and multi-currency fit in.
Overview
Taxation simplifies tax management: setting up tax codes and rates, generating tax reports and returns (including SST), and preparing to file efficiently. Tax flows through the chart of accounts like everything else.
Features in this function
- Tax Groups – selectable tax codes applied to lines
- Tax Rates – the date-based rates within a group
- e-Invoice (MyInvois) – submit and consolidate e-invoices
- Multi-currency – transact and revalue in other currencies
Highlights
Date-based rates
Tax rates are effective-dated: set a new rate with a future effective date and the right amount is calculated from the invoice date, so a rate change is handled automatically.
Processes
Generating tax returns
Tax codes on documents accumulate into the tax accounts; the tax reports and returns summarise what is collected and owed, ready to file.
Want the steps? See How To: Configure taxes, Set up e-Invoice.