Setting up Taxes in Work 365
Create a Tax Service
Before setting up taxes in Work 365, review the following checklist
- Will taxes be applied at the invoice or line level?
- Are there multiple business locations?
- Are there situations where multiple tax configurations may be needed?
If taxes are applied at invoice level, Tax Service should be created using the '
Use Rates Directly setting = Yes. If taxes are applied at the invoice line level, Tax Service should be created using the
Use Rates Directly setting = No. Further, configuration of Tax Categories and will be required.
If there are multiple business locations, create a Tax Service for every business location, especially if the business locations are in their own tax jurisdictions.
Multiple Tax Services should also be created if different tax configurations are required.
See Taxation for details on how to create a Tax Service.
Updated 4 months ago