The Sales Tax page of the Options dialog is used to configure any sales tax, GST or VAT rates that are applied to items. Some default taxes are set automatically according to the location entered for the business in the startup wizard. To open the Sales Tax page, click the Options icon on the toolbar and click the Sales Tax link.

Tax Rates


Add

Click the Add button to add a new tax rate to the list. This action will open the Tax Rate dialog where you will enter information about the new tax rate.

Edit

Click the Edit button to edit the details of the tax rate selected in the list.

Delete

Click the Delete button to delete the tax rate selected in the list.

Reset Tax Rates

Click the Reset Tax Rates button to reset all the the tax rates in your list.

Items have this tax rate by default

Any new item will have this rate selected by default.

Item prices are tax inclusive (presumed to already include tax)

If this is ticked, all items subject to tax will be priced and displayed as being tax inclusive.

By default new customers are tax exempt

If ticked, any new customer will be marked as tax exempt (so no sales tax will be applied). Use this if you mainly export.

Display combined tax rates separately

When this option is enabled, Express Accounts will display the sub tax rates separately instead of the combined tax name.

Show sales tax rate as column on invoice

Select this option if you would like to display the sales tax in percentage and/or name in the item rows.

Show sales tax rate percent (e.g., 8.90 %)

Select this option if you would like to display the sales tax in percentage in the item rows.

Show sales tax name (e.g., GST)

Select this option if you would like to display the sales tax name in the item rows.

Show sales tax amount as a column on invoice (e.g., $9.56)

Select this option if you would like to display the sales tax amount in the item rows.

Track sales tax paid

When this option is enabled, Express Accounts will allow tracking of any taxes you pay for when entering purchases from suppliers. This option is primarily used in countries where input tax credits can be reclaimed.

VAT Reporting period (available for users in the United Kingdom only)

Use this option to set your VAT Reporting period. Currently supported are monthly reporting and quarterly reporting.

I report my VAT monthly

Select this option if your business reports VAT monthly.

I report my VAT quarterly

Select this option if your business reports VAT quarterly.

Start months of VAT period

Select the starting months of your quarterly VAT reporting periods.