Default Product Tax Codes

Setting up Default Product Tax codes saves an immense amount of time when keying invoices, as it reduces the amount of repeated input.

The tax codes may differ according to the Tax Treatment (e.g. Domestic and Purchase) and occasionally it may be different on Sales and Purchases too, so there are some instances where defaulting a Tax Code may not be the correct option, but it’s rarely the case and a good idea to set up defaults.

Step-by-step guide

1. From the Sales or Purchases Menu, Select Products.
2. Select the Product you’d like to set a Default Tax Code for.
3. Select the Tax Information tab.
4. Click Edit.
5. From here you can set tax codes for each individual product by company and whether it’s used for sales or purchases.
6. Click Save.