Taxes
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BillWize admins can manage taxes from ( Settings Taxes ).
By doing this, they make sure that when users create invoices, the right taxes are automatically applied, cutting down on mistakes.
Taxes in the invoice creation screen
Manage taxes :
BillWize gives you multiple tax options :
Single Tax Rate :
This option is ideal when you just need to apply one tax to your invoices.
Choose a single tax rate for simple tax scenarios.
Dual Tax Rate :
Configure two taxes with unique names and percentages.
Example :
Tax 1: 10% on $100 = $10
Tax 2: 5% on $100 = $5
Total Tax = $10 + $5 = $15
Layered Tax Rate :
Apply tax on top of another tax for layered tax scenarios by checking the “apply tax on tax“ option.
Example :
Tax 1: 10% on $100 = $10
Tax 2 (applied on total including Tax 1): 5% on $110 = $5.50
Total Tax = $10 + $5.50 = $15.50