To create a Tax Type:
|Name||The name of the Tax Type – this can be any name that you wish to give the Tax – E.g. GST on Sales, GST on Exports etc|
|Tax Type||This is the actual type that will be the same as the tax type in your accounting package. E.g. OUTPUT Tax, INPUT Tax, EXEMPT etc|
|School||The school for which this tax type will be available.|
|Account||The account number that matches your accounting package that relates to GST. Easy to attach a tax type to an account when creating the account.|
|Tax Rate||The rate of the tax (E.g. 10%)|
|Description||If you need to further explain what this tax type should be used for it can be included in the description. This field is not mandatory.|
To create another tax type click Actions > New Tax Type.
To deactivate a tax type click Actions > Deactivate Tax Type.