Taxes

Posted on by Kim Hvidkjaer

Simply CRM gives you the flexibility to manage local and international tax rates through Tax Calculations. After the tax rates are defined, they will be available for selection in Invoices, Purchase Orders, Sales Orders and Quotes.

Simply CRM supports two different types of taxes.

Group Tax

The taxes you define in Tax Calculations are global and ‘not’ product specific. You’ll need to simply select Group Tax while creating Invoice, SO, PO or Quote. By doing that, you’r telling Simply CRM to populate tax rates that are defined in Tax Calculations, and ignore taxes defined on individual products. If you have hundreds of products in your inventory, it’s hassle to define taxes on individual products. That’s one such instance where Group Tax has an edge over Individual Tax.

TaxCalcPD.png

Product and Service Taxes

Product and Service taxes enable you to define Group Tax on list of products or services selected in Invoice, SO, PO, and Quote records.

It gives you the flexibility to manage following operations

Adding New Tax

This feature enables you to create national and international taxes.

Follow few simple steps to add a new tax

  1. Click Setting.png gear icon in the upper right
  2. Click CRM Settings
  3. Click ‘Other Settings’ drop-down in the left
  4. Click Tax Calculations
  5. Click Add New Tax button under Product & Service Taxes block
  6. Provide Tax Name(Alphabets) and Tax Value(Percentage)
  7. Click Save
CreatingCalculationsTax.png

Editing Existing Taxes

This feature enables you to edit national and international taxes.

Follow few simple steps to edit existing taxes

  1. Click Setting.png gear icon in the upper right
  2. Click CRM Settings
  3. Click ‘Other Settings’ drop-down in the left
  4. Click Tax Calculations
  5. Click pencil icon next to tax you’d like to edit
  6. Update fields with desired values
  7. Click Save
EditingTaxTaxCalculations.png

Enabling/Disabling Existing Taxes

This feature helps you to enable or disable existing taxes. All the tax values that are enabled in Tax Calculations will be available for selection in Products module. Also, the tax rates in Invoices, SO, PO, and Quotes will be calculated against taxes that are enabled in Tax Calculations. To be precise, the taxes, if disabled in Tax Calculations, they will be simply ignored and not used for calculating taxes.

Follow few simple steps to enable/disable existing taxes

  1. Click Setting.png gear icon in the upper right
  2. Click CRM Settings
  3. Click ‘Other Settings’ drop-down in the left
  4. Click Tax Calculations
  5. Uncheck the checkbox under Status to disable specific tax
  6. You can click on that checkbox again to enable the tax

DisableEnabletax.png

Notes!
Disabled taxes will not affect price in Invoice, Sales Orders, Purchase Orders and Quotes

Shipping and Handling Taxes

Shipping and Handling Taxes enables you to define taxes that will incur on transporting a product or service. These taxes are basically calculated on Shipping and Handling Charges defined while creating Invoice, SO, PO, and Quote. Unlike Product and Service Taxes, Shipping and Handling Taxes do not respect the value that is selected in Tax Mode, ie., these taxes are same for both Group and Individual taxes.

ShippingTaxCalculations.png

Individual Tax

Simply CRM enables you to define tax rates on individual product. In contrast to Group Tax, Individual Tax is product specific. To populate product specific tax while generating Invoice, SO, PO or Quotes, you’ll need to select Tax Mode as Individual.

IndividualTaxes1.png