Change the tax rate on an account in your chart of accounts
Quickly change the tax rate on an account in your chart of accounts. The new rate will apply to all new transactions you create using this account. Existing transactions keep the tax rate used at the time the transaction was created or saved.
- In the Settings menu, select General Settings.
- Under Reports, select Chart of Accounts.
- Select the checkbox of the account you want to change.
- Click Change Tax Rate.
Select the new tax rate.
- Click Save.