This article will show you how to create a new tax/VAT/GST bracket and apply it to services and/or products.
In this Article
Creating a New Tax Rate
Go to Manager > Business > Tax Rates.
If you are using an older version of Phorest, you will find this under Manager > Settings > Financials > Tax Brackets.
Select either Service or Product, depending on which type of tax you wish to create.
Click +Add to begin creating your new tax rate, enter the tax name and rate, and then click Save Changes to finish.
The new Tax rate has been created, and you can apply it to your services/products.
Applying a new tax rate to a service/product will not change the tax rate for previous sales that have already happened. It will only be applied to new sales after the tax rate has been applied.
Applying a Service Tax Rate
Go to Manager > Services > Search for and click on the name of the service > Advanced, then apply the new tax rate and click Save.
Applying a Product Tax Rate
Go to Manager > Inventory/Stock > Click a product to edit it > Use the Tax dropdown menu under Inventory and Pricing to select your new tax rate > Click Save changes to finish.
Bulk Applying a Tax Rate
If you need to bulk apply this new tax rate, check out this guide to find out how.