Taxes

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BillWize admins can manage taxes from ( Settings Taxes ).

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By doing this, they make sure that when users create invoices, the right taxes are automatically applied, cutting down on mistakes.

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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