Invoice Tax Manager

The Invoice Tax Manager is a robust tool designed to handle tax configurations efficiently, ensuring compliance with international tax standards for accurate invoicing and financial management.

Key Features

Tax Types & Configuration:

• Define different tax rates applicable to goods and services for precise tax calculations.
• Tax Percentage (%): Assign a specific percentage rate to each tax to determine the tax amount on an invoice.
• Compound Tax: Enable the compound tax option to calculate tax on top of another tax, following internationally recognized tax rules.

Group Tax Management:

• Create Group Taxes by combining multiple individual tax rates into a single tax entity.
• Only one compound tax can be included within a group tax, ensuring accurate cascading tax calculations.
• Applied automatically when selected in an invoice, streamlining multi-tax invoicing.

Seamless Integration with Invoicing:

• Automatically apply single or group tax to items during invoice creation based on predefined configurations.
• Ensure tax compliance with internationally accepted tax structures, making the system suitable for global use.
• Handle multi-currency tax calculations seamlessly for businesses operating across different countries.

Tax Management & Workflow:

• View and manage all tax profiles, including tax names, rates, types, and group tax configurations.
• Edit or modify tax rates effortlessly to keep up with regulatory changes.
• Enable or disable tax options for specific invoices without affecting global tax settings.

The Invoice Tax Manager simplifies tax handling, ensuring accurate tax application, seamless integration with invoicing, and compliance with international financial standards.