Taskip allows you to create and manage tax classes that can be applied to both invoices and quotations. Whether you’re charging VAT, GST, or a custom tax, you can configure multiple tax entries, search them dynamically, and even create new taxes directly while creating a document.
How to Add a New Tax Class
How to Add a New Tax Class
1. Go to Settings
From the sidebar, click on Settings.
2. Navigate to Tax Settings
Under the Settings menu, select Tax Settings.
3. Click “Add New Tax”
On the top-right corner, click the Add New Tax button to open the tax creation form.
Add New Tax
4. Fill Out Tax Details
- Tax Name: Provide a clear name such as
VATorService Tax. - Tax Rate (%): Enter the percentage rate, e.g.,
10for 10%.
Click Add Tax to save.
Once added, the tax class will be available globally and can be reused across invoices and quotations.
Applying Tax in Invoices and Quotations
Applying Tax in Invoices and Quotations
1. Create or Edit an Invoice or Quotation
Open an existing invoice/quotation or start a new one.
2. Scroll to the Total Section
Locate the Add Tax field in the totals area below your listed items.
3. Search or Select a Tax Class
Click on the Add Tax dropdown to:
- Search existing tax classes
- Select one or multiple taxes to apply
4. Add New Tax from the Dropdown
If you need a new tax:
- Click the dropdown
- Choose the option to Add New Tax
- Fill out the Tax Name and Tax Rate (%)
- Save, and it will be instantly available for use
Key Features
- Supports multiple tax classes for different regions or tax types
- Tax rates are calculated automatically and reflected in the Total
- Applies uniformly to both invoices and quotations
- Allows inline tax creation for speed and flexibility
- Automatically updates available tax options across the workspace
Best Practices
- Name taxes clearly (e.g.,
GST 18%) for quick recognition - Review tax policies applicable to your region before adding new entries
- Use consistent naming and rates to avoid confusion across documents
- Apply taxes at the time of quotation for accurate client estimates
Frequently Asked Questions (FAQ)
Can I add more than one tax to a single invoice or quotation?
Yes. You can apply multiple tax classes to the same document.
Will the applied tax be calculated automatically?
Yes. Taskip automatically calculates the tax amount and adds it to the total.
Can I add a new tax while editing a document? #
Yes. You can create a new tax directly from the tax dropdown while editing an invoice or quotation.
Can I apply different tax rates to different items?
Currently, taxes are applied at the document level. Item-level tax support may be added in future versions.
Is the tax applied the same for both invoices and quotations?
Yes. The tax system is shared and consistent across both modules.