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Add and manage tax or VAT codes

The steps required to manage and add tax/VAT codes in AccountsPrep.

AutoEntry Support Team avatar
Written by AutoEntry Support Team
Updated over 2 weeks ago

You can add, edit and manage your default VAT rates from the Tax Codes page in the Settings tab.

Edit or add a tax code

  1. Click Settings on the navigation bar.

  2. Select Tax Codes.

  3. Click a code name to edit it.

  4. Click the Save button to apply any changes.

Additional information

When editing/adding a tax rate, take note of the following:

Name

The name you enter must be unique. This is useful when you import a sales or expenses batch and there are two or more tax rates with the same rate. Otherwise, you can simply enter the % value in the import template itself for your own clarity.

Available for

This option allows you to separate tax rates between sales and expenses (depending on your country/region).

Drop-down list order

You can re-order the tax rate types by using the drag button on the left of any row. This will change the order of how they appear within batch entry drop-down menus and the tax reports.

Add or update

When you click Add or Update a tax rate in the pop-up window, this won't apply the changes straight away. Remember to click Save again on the main tax list page after the pop-up window closes to apply your changes.

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