Commit da5207db authored by Deuce.Brandt's avatar Deuce.Brandt
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Update sales-tax-and-vat.md On line 1 "Tax" is capitalized.

On line 12 added space after "Term - ".

On line 16 "Tax" is capitalized.

On line 19 added space after "price - ".

On line 31 "Sales Tax" is capitalized to match the rest of the document.

On line 35 "Accounting Codes" is capitalized because it is in the UI.

On line 41 "Sales Tax" is capitalized.

On line 47 added "**Sales Tax**" to make "Sales Tax" bold I also capitalized Sales Tax as it is in the UI.

On line 52 added "**Sales Tax Financial Account**" Bolded this term and Sales Tax capitalized.

On line 53 added "**Financial Accounts** and **Financial Type**" Bolded Financial Accounts as the above listing.

On line 60 added "**Financial Types** and **Financial Accounts**" to be bolded as they are UI terms.
parent 42daac7a
# Sales tax and VAT
# Sales Tax and VAT
If your organization charges Sales Tax or VAT you should enable
this feature.
......@@ -9,14 +9,14 @@ the "Enable Tax and Invoicing" box.
In this screen you can set certain settings for Sales Tax/VAT as well:
- Tax Term- this is a text field for what your organization wants to call
- Tax Term - this is a text field for what your organization wants to call
the relevant Sales Tax or VAT
- Tax Display Settings - how does your organization want to display the
tax/VAT
Tax/VAT
- No breakdown, total only
- Shows as inclusive price- $120 (includes $20 tax)
- Shows as inclusive price - $120 (includes $20 tax)
- Shows as exclusive price - $100 + $20 tax
![CiviContribute Component settings with the tax term listbox at the bottom.](../img/enable_tax_fields.png)
......@@ -28,33 +28,33 @@ Accounts for Tax/VAT at **Administer > CiviContribute > Financial
Account**. Scroll down to the bottom of the page, and click on **Add
Financial Account**.
To create the sales tax Account, make sure **Financial Account Type** is
To create the Sales Tax Account, make sure **Financial Account Type** is
set to **Liability**. Select **Enabled** and **Is Tax** and specify the
**Tax Rate**. Note if you use **Quick Books**, the **Account Type Code**
should be set to **SALESTAX**. **Accounting Code** should be based on the
organization's specific accounting codes.
organization's specific Accounting Codes.
![screenshot](../img/salestaxaccount4.png)
After you create the Financial Account, you can assign it to the
specific Financial Type by going to **Adminster > CiviContribute >
Financial Types**. Find the Financial Type this sales tax applies to,
Financial Types**. Find the Financial Type this Sales Tax applies to,
and click on **Accounts**. Click on **Assign Account**.
![List of financial accounts.](../img/assignaccount2.png)
For the **Financial Account Relationship** choose **Sales Tax Account is**
and in the **Financial Account** field select your sales tax account.
and in the **Financial Account** field select your **Sales Tax** account.
Click **Save.**
![screenshot](../img/civicontribute-sales-tax-add-account.png)
Once the sales tax Financial Account has been added, you will see it
listed with the other Financial Accounts for that specific Financial
Type.
Once the **Sales Tax Financial Account** has been added, you will see it
listed with the other **Financial Accounts** for that specific **Financial
Type**.
![screenshot](../img/salestaxadded2.png)
For more advanced configuration with accounting software packages like
QuickBooks, you should involve your organization's bookkeeper or
accountant in setting up your Financial Types and Financial Accounts.
accountant in setting up your **Financial Types** and **Financial Accounts**.
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