Tax Codes

The Tax Codes feature in Manager allows you to create and manage tax codes relevant to your business operations. Properly setting up tax codes is crucial for accurately handling tax obligations and applying correct tax rates to your sales and purchases.

Accessing Tax Codes

To access the Tax Codes settings:

1. Navigate to the Settings tab in the left navigation menu.
2. Click on Tax Codes in the list of settings options.

Creating a New Tax Code

To create a new tax code:

1. In the Tax Codes screen, click the New Tax Code button.

   Tax CodesNew Tax Code

2. Fill out the necessary details in the Tax Code form.

   • Name: Enter a descriptive name for the tax code.
   • Rate: Specify the tax rate (e.g., 10%).
   • Type: Select the appropriate tax type if applicable.

   For detailed instructions on completing the Tax Code form, refer to the Tax Code Form Guide.

3. Click Create to save the new tax code.

Applying Tax Codes in Transactions

Once you have created at least one tax code, you can apply it to your transactions:

• Sales Invoices: Select the tax code when creating sales invoices to apply the correct tax to your customers.
• Purchase Invoices: Use the tax code on purchase invoices to record taxes on your expenses.
• Receipts and Payments: Apply tax codes to receipts and payments to accurately reflect taxes collected or paid.

The Transactions column on the Tax Codes screen displays the number of transactions that utilize each tax code, helping you track their usage.

---

By effectively managing your tax codes in Manager, you ensure compliance with tax regulations and maintain accurate financial records.