Tax adds up quickly, so it’s critical to ensure you are capturing the correct taxes for your business. Using the Tax Settings feature, you can quickly and easily add one or multiple taxes to Freedomkit. This will allow you to capture taxes for your business, when processing orders and sending out invoices.
Follow these simple steps to get started:
Step 1: Creating and Adding Taxes
- Click “Add Tax”.
- Fill out the popup information. Name the tax, choose the percentage rate, and include an optional description and tax ID number.
- Click “Add Tax”.
- The tax will now appear in your list of Taxes.
Step 2: Managing and Using Your Taxes
- Using the “Actions” dropdown on the right, you can delete a tax you wish to remove.
- Within an Invoice, you can click “Add Tax” under a product.
- In the popup for “Add Taxes” check the box for the tax(es) you wish to add.
- Click Save to confirm your changes.
- The tax(es) will be calculated in the invoice.
You can manage your Tax Settings anytime, adding new taxes or removing old taxes as often as you want.
Rather than manually calculating the tax percentage, you can use this tool to manage the taxes in a more efficient way.