Tax Rates
- administrator
- billing
- composite
- tax
- tax records
Configuration > Billing > Tax > Tax Rates
Related Guides:
Note: If Tax Rates are imported from QuickBooks Online, there can be a QuickBooks Online Tax rate and Tax Code associated with the Halo Tax Rate, these are configurable on the imported tax rate.
| Field | Type | Description |
| Name | Free Text | The name of the Tax Rate, returned throughout the UI |
| Is a composite tax | Checkbox | When checked, one finds a 'linked tax rates' multi-select field. The rate used is then a summation of the calculated tax for each rates i.e. the Tax Amount = TaxA*(Product Price) + TaxB*(Product Price) |
| Linked Tax Records | Multi Select | The selections made here will be how the above composite tax is aggregated. |
| Rate (%) | Float | Determines the tax rate to use. |
| Category Code | Free Text | Here you can enter the category code used for this tax rate. Allowing you to categorise (classify) the goods/services/transactions this tax rate is used for, assisting you in applying the correct tax rate against a invoice line. Also useful for auditing. |