Knowledgebase: Accounting and Tax Issues
My property is tax inclusive and I need to change my tax rate. How do I update it properly
Posted by Jesse Chieppa on 30 Jun 2010 10:35 AM
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My property is tax inclusive and I need to change my tax rate. How do I update it properlyTax inclusive properties that need to adjust their tax rate must follow a specific process to insure taxes update properly. 1) Log into the members area and click Setup | Tax Configuration. 2) De-select Collect Tax & Collect Charge (if applicable). 3) Click Update. 4) Enter the correct tax percentage and re check the collect Tax & Charge (if applicable) boxes. 5) Click Update. I tried to update taxes prior to reading this KB article and now my rates are incorrect, how do I fix it? Revert your tax settings as they were prior to trying to modify your percentage and click update. Then follow the directions provided above. | |
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