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19.6Tax

Chapter 19 · Reports·1 min read

  • Sales Tax Liability Summary — tax collected and paid per rate for the period: what you owe the authority.
  • Form 1099-MISC and 1099-NEC (US) — a three-step wizard: Map Accounts (which expense accounts feed each box), Select Vendors (vendors marked Track for 1099 with their tax registration number and whether they meet the threshold for the tax year) and Review (the amounts per box, exportable for filing).
9.5Tax ratesDefine VAT, GST or sales-tax rates once; choose them on items, invoice lines and bill lines. Accounting → Tax Rates → New tax rate: Name * (VAT 20%), Code…Accounting9.9Accounting reportsReports in the rail opens the financial statements and ledgers: Profit & Loss, Balance Sheet, Cash Flow, Trial Balance, Movement of Equity, General Ledger,…Accounting7.6Expense reportsReports in the rail opens the Expense details report — every expense line for a period, filterable by account, payee and status, and exportable (Chapter 19).Expenses22.4SalesInvoices Defaults and behavior for sales invoices. Changes affect new invoices only — existing ones keep the values they were saved with. Numbering — Prefix…Settings and administration