Follow these steps to create a Sales Tax entry in your account.
Step-by-Step Guide:
Go to your Dashboard.
Click on your Profile.
Select Settings.
Navigate to the Accounting & Tax section.
Click Create Tax.
In the Tax Name field, enter the name of the tax (e.g., Sales Tax).
Add an appropriate Abbreviation (e.g., ST).
Provide a short Description if needed.
Enter the Tax Rate (%) as a numeric value (e.g., 16).
For taxes applied on your sales, select the Liabilities category.
→ NuMetric will automatically allocate all sales tax (from invoices) to this account.Click Create.
✅ Important:
Do not manually create Sales Tax accounts under the Chart of Accounts. NuMetric will handle this automatically once the tax is created through the steps above.
1. Navigate to your account "Dashboard"
2. Click on your "profile"
3. Select and click on "Settings"
4. Navigate to "Accounting & Tax"
5. Click "Create Tax"
6. Click the "Tax Name" field and Type "Tax Name"
7. Add the "Abbreviation" you need.
8. Add a "Description".
9. Add the "Tax Rate (%)" field (Numbers Only)
10. For Sales Tax on your Sales, select Liabilities.
NuMetric will recognize all sales tax on sales (Invoices) calculated to the created account.
11. Click "Create."
Once you click Create, NuMetric will create the required account under Liabilities in the Chart of Accounts.
⚠️ Importnat Note
Do not create sales tax accounts under the "Chart of Accounts." NuMetric, once Tax is created, will establish them.