To manage or add new VAT codes in AccountsPrep, please follow these steps:
Click 'Settings' on the navigation bar
Select 'Tax Codes'
Edit existing codes by clicking on their name, or add new codes by clicking the 'Add Tax Code +' button.
Please click the green 'Save' button when you are finished making changes!
When editing/adding a tax rate note the following:
The name you enter must be unique
The unique name may be used for import purposes when importing a sales/expense batch. In short, this is mainly useful if there are two or more tax rates that use the same % value. Otherwise we would suggest it is easiest to just enter the % value in the import template itself for your own clarity
'Available for these batch types' is an option where users want to completely separate tax rates between sales and expenses (it may depend on your country/region as to what's best)
Other points to take note of
You can reorder the tax rate types by using the move & drag button on the left of any row. This will change the order of how they appear within batch entry dropdowns and the tax reports
When you add or edit a tax rate in the relevant pop-up you'll notice you hit the button 'Add' or 'Update'. Just remember that this change will not save until you hit 'Save' on the main page after the pop-up closes. You'll be warned anyway if you do otherwise.