Taxes

Defining and using taxes in sql-ledger is a four step process:

Step 1: Define tax accounts in chart

You create (or edit) tax accounts in chart of accounts using System–Accounts menu option.

Step 2: Define tax percentages

You set percentages for each tax using System–Taxes menu option.

Step 3: Mark Items/services as taxable

You mark each part or service taxable during add or edit process. You do this using Goods & Services menu option.

Step 4: Mark customers/vendors for applicable taxes

Tax will not be calculated for your customers or vendors unless you mark them as taxable.