Taxes are part of doing business, no matter the industry they are one of the most important things in your finances. This is why efficiently managing them is crucial, one of the ways to do it is by adding directly to your products or invoices, this helps you stay organized, follow the rules, and make sure your finances are in order. 

How to Manage Taxes in your CRM

You can manage your taxes by adding them to products or invoices directly, keeping a record to follow with every sale. How to add them depends on the type of Tax you need to add, but to start go to the Settings tab inside the Payments section and select the Taxes option to your left.

Manual Taxes

This gives you the option to create a tax for non-standardized products or taxes for businesses outside the US. To create them click on +Add Tax.

A pop-up window will open for you to add the tax information, you need to add the name and percentage for the tax, and you can also add any extra information. Once completely filled out click Add to save it to your system.

Automatic Taxes

They automatically calculate sales tax based on the customer's address, they are designed for businesses inside the US. To add them first toggle Enable automatic sales tax, then select the category of your product for the tax percentage. 

Then select the States you do business with, check the box to accept the Terms of Use, and click Save.

Adding Taxes to Invoices

Once your taxes have been created you can start adding them to your Invoices by clicking on Add Tax to add manual taxes or toggling automatic taxes. Adding them this way will tax all products in the invoice.

To add taxes to a specific product click on Add Tax underneath the product price.

This will open a menu for you to select from your added taxes. Adding Tax Manually allows you to add different tax rates for each product, Automatic taxes however are applied to the entire invoice. Once you do click on save to set it.

Finish your Invoice as normal and you're done, now you can keep track of your taxes directly from your CRM lowering the load on you and your accountant.