*Setting up a tax which has multiple rates

There are situations where you may need to setup a tax with multiple rates.  Since the system currently locks in the tax rate, so you will need to create secondary taxes.

  1. Click Tools > Accounting > Taxes.
  2. Under Tax, click <New Item>.
  3. Enter “Harmonized Sales Tax (5%)” in the Tax field.
  4. Enter “HST” in the Tag field.
  5. Set the Currency to CAN.
  6. Set the Tax based on percentage to 5%.
  7. Click OK.

You can now use this tax for your inventory items.

Note: This tax will be calculated separately on the reconciliation reports.

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