Setting up specific tax rates in Passport365 is very simple and can be used to populate your quotes and invoices across the app.
It may be a change resulting from an updated national budget or it could be a reduced domestic rate charge; whatever the reason, the process is the same.
From the 'Control Panel' icon on the left-hand menu bar, select 'Company' and then find 'Tax rates across the top bar :
All of the tax rates that you define will appear here and can be sorted alphabetically by pressing the 'Name' column or sorted numerically by selecting 'Tax'. By pressing multiple times you can sort by descending or ascending order.
To add a new Tax Rate, click the 'Add New' button in the top right corner of the 'Settings menu':
From here you will be given a pop-up window where you can enter the detail of your tax code, you can even assign it a code.
If you would like to apply a tax code by default, then simply select the radial tick box beside 'Default Tax'.
Don't forget to click save when you are done
Your defined tax rates are picked up by the system whenever you raise a quote, invoice or other document which contains costs.