Taxes Tab - Settings Configuration

Summary

This article will summarize the features of the Taxes Tab in your ServiceBox settings. 

Taxes Tab

This Tab has information related to Taxes that will be used in Quotes and Invoices for your ServiceBox. An example is shown in the following screenshot.

Here is a list of customizable features within the Taxes Tab, along with a brief description of each feature:

Sales Taxes

This section is where you define individual sales taxes. These are the building blocks for your tax setup, but must be added to a Tax Level in order to be applied in quotes or invoices.

Fields required for each sales tax:

• Code:
  The label for the tax (e.g. PST, GST).

• Rate:
  Enter the tax rate in decimal format (e.g. 0.05 for 5%).

You can add, edit, or delete tax rates as needed.

Tax Levels

Tax Levels are combinations of individual Sales Taxes that are actually used in your Quotes and Invoices. You must assign items a Tax Level—individual tax codes cannot be applied on their own.

Fields required for each tax level:

• Name:
  The label for the tax level (e.g. GST, GST & PST).

• Included Taxes:
  Multi-select the individual sales taxes to include in this tax level. For example, a GST & PST tax level might include both the GST and PST codes you created earlier.

• Default:
  Set this to Yes if you want this tax level to be the default selection when a new item is added to a quote or invoice.

• Apply Sales Tax to Each Line Item:

  • Check this box if you use Sage 50 or QuickBooks Online.

  • Leave it unchecked if you use QuickBooks Desktop.