Setting up taxes correctly is crucial for ensuring compliance with local and international tax laws. This section will guide you through the process of configuring your tax settings in WP Ever Accounting, including enabling taxes, and choosing how tax totals are displayed.
How to Set Tax Options
To configure your tax settings, go to Settings > Taxes in your WP Ever Accounting dashboard.
Enable Taxes
To activate tax features, simply check the box in the Tax Options section. If it is disabled, it will not be calculated or displayed on invoices or bills.
Display Tax Totals
The Tax settings offer two options for displaying tax totals to your customers:
- As a single total: This option displays the total calculated tax as a single item, providing an overall tax summary.
- Itemized: This option shows the tax breakdown for each item, giving customers a detailed view of the taxes applied to each product.
By adjusting these tax settings, you can enhance the tax calculation process and ensure that your customers receive clear and transparent tax information.