You can enter 3 tax rates and use them in your documents and items (services and products). You can change the tax name if needed.
When you sign up to Billdu, we set up your tax rate and tax name based on your location - however you can change it anytime to match your local tax laws.
Navigate to ⚙ Settings - /tax name/ settings and select VAT settings on the top menu.
or
in the mobile app select Settings from the menu when editing an item
The VAT-name and rates are based on your current country settings
If necessary, turn on Apply tax on invoices - once turned on, all your next invoices and statistics will be displayed with or without VAT
You can enter 3 vat rates, which are available for you while creating invoices or items. A vat 0% rate will always be available for you. The vat rate is limited to 2 decimal places
You can also change the VAT name if necessary
You can change the Financial/fiscal year start - by changing it, the date filter This year and Last year will show invoices for that specific tax year
Save the settings
Services and Products
Please note: Changing the tax doesn't alter saved services and products. If you need to set another tax rate for your saved services or products, you have to change it one by one, or use our import feature to overwrite existing services and products with newer values.