The Tax Settings tab is used to configure any sales tax, GST or VAT rates that are applied to items.Tax Rates Table
The table contains the list of recorded tax names and corresponding rates.
Action: You can perform the following actions to the Tax entry.
Click on the New Tax button to open the New Tax window.
Enter the tax name. This is used for display purposes.Tax Rate
This is tax rate 1 for combined and compound type taxes.Tax Rate 2
This is tax rate 2 for combined and compound type taxes.Compounding (Rate 2 is applied after Rate 1)
This option applies the rates sequentially, so that the second rate applies to the taxed subtotal. If this box is left unchecked, the tax rates are both applied to the pre-tax subtotal.Create Tax
Click this button to record the tax.
By default items have this tax rate
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.Display combined taxes separately
When this option is enabled, Brisk Invoicing 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.Save Settings
Click this button to record the changes made on this tab.