Default Taxes¶
Definition¶
Default taxes are pre-configured taxes that will be applied automatically in new product creation or tax-related transactions. For example, when an additional line is added to the invoices, orders, etc., if a product is selected then a tax rule is automatically added. The tax amount will be calculated according to the tax rate established on the chosen tax rule.
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In the Viindoo Accounting app, taxes will be configured by default when:
Set up the initial database and choose a country for the system.
Configure default taxes¶
To change the default taxes, navigate to
and search for Default Taxes.
Here you can configure two types of tax:
Sales Tax: Default tax applied only on sales operations.
Purchase Tax: Default tax applied only on purchase operations.
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You can change the default taxes in accordance with your company’s tax and press Save. When you create a new product, these default taxes will be automatically added to the product.
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Note
If the database has multiple companies, then each company can set different default taxes.