Set a tax default for sales or purchases
Set your organisation's tax default for sales (invoices, quotes, credit notes, receive money) or purchases (bills, credit notes, purchase orders, or spend money).
Your organisation's tax default doesn't override an individual contact's tax default.
Four tax default options
- Based on last sale (or purchase)
- Tax inclusive
- Tax exclusive
- No tax
Access Financial Settings and set your tax default
- Go to Settings, then General Settings.
- Under Organisation, click Financial Settings.
Under Tax Defaults, select the sales or purchases tax default.
When you next add a sales invoice, quote, credit note, bill, purchase order, spend or receive money, the tax default you set automatically appears in the Amounts are field. You can change the tax treatment using the drop-down list.