Taxes

The following sections describe how to change and modify tax settings to accommodate your taxation requirements:

 

How do I Change the Tax Terminology?

 

VIDEO:

  • Select the Settings link under the Account tab.

 

  • Enter the tax terminology in the Tax Label field, and the tax ID in the Tax ID field.

Note: an example of changing the tax label field will be if you wish to charge an admin fee, you can enter ‘Admin Fee’ as the label here. 

 

 

How do I Specify Appropriate Time and Expense Tax Rates?

 

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To specify the appropriate time tax rate:

  • Select Settings under the Time tab.

 

  • Specify a tax rate in the Time Tax Rate (%) field, and click the Save button.

 

To specify the appropriate expense tax rate:

  • Click on the Settings link under the Expense tab.

 

  • Specify a tax rate in the Expense Tax Rate (%) field, and click the Save button.

Note: For Fixed Fee – Time & Expense matters, it is not considered.

 

How do I Specify Taxable Activities?

 

Please refer to the Activity Codes Setup page to specify taxable activities.

 

How do I Specify Taxable Expenses?

 

Please refer to the to The Expense Codes page to specify taxable expenses:

 

How do I Indicate a Client is Taxable?

 

VIDEO:

To indicate a client is taxable:

  • Click on Clients & Matters/Projects link under the Clients tab.

 

  • Click the name of a Client you wish to identify as taxable (example below). The Client Information Tabs are displayed.

 

  • Under the General tab, select Taxable by Task/Activity option from the Taxable Status drop down box.

 

  • If you click on Taxable by Task/Activity, two new fields will be made available to you. Specify a Time Tax Rate (%) and check Override Firm Setting if necessary.

 

  • Specify a Expense Tax Rate (%) and check Override Firm Setting if necessary.

 

  • Click Save.

 

How do I Generate Bills that Include Tax?

 

VIDEO:

To generate bills with tax included:

Note: Taxes are supported only with the Flexible Billing Template

  • Select the Settings link under the Invoices/Bills tab.

 

  • Click the Flexible Templates tab.

 

  • Click on the desired flexible billing template (example below).

 

  • Click the Main Page tab.

 

  • Enable the Tax section by enabling the Tax check box, and enable the Tax ID check box or ABN check box or both depending upon the firms requirements.

Note: if you have changed the Tax Label in the system, this section will appear as you have chosen it, e.g. Admin Fee instead of Tax.

 

  • Click the Update button.

 

How do I Generate a Tax Report?

 

VIDEO:

 

To generate a tax report:

  • Click on the Reports tab.

 

  • Scroll down to the bottom of the page. Select the Tax Listing link under the Managing the Firm section.

 

  • Select the checkbox if you would like to Include Inactive entries in your Taxes.

 

  • Select the relevant Client from the drop down list. You may select multiple clients.

 

  • Specify the required Date Range.

 

  • Select the Report Output Format from:
    CSV
    Excel (Office 2003-2007)
    Excel (Office 2010 and above)
    HTML
    PDF
    Postscript
    PowerPoint (Office 2003-2007)
    PowerPoint (Office 2010 and above)
    Word (Office 2003-2007)
    Word (Office 2010 and above)

 

  • Click Generate Report.

 

 

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