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Tax codes

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Accounting in the cloud P4 Books

Here you will enter your sales tax codes, there may be one or more. Setting the default tax code will apply the tax code to all products and services.

P4 Books ITBMS

Tax codes are managed at two levels, at the product and at the customer level. It depends on the type of product and the customer as to how the tax codes are applied.

If you are located in a country like Panama that has sales tax withholding, you will set this up in the Customer Screen.

Updated on November 24, 2024

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