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how to arrange taxes

lesgarsdulaclesgarsdulac Member Posts: 1

hello, the products that I sell are taxables at 0% but the prodructs I buy the taxes are recoverables. Do I need to create 2 taxes for my products at 0 % and 2 others taxes for the purchases with the right % of the taxes to get the right report? And do I have to check the recoverable case when i create the taxes or juste 1 out 2 ? If yes wich one need the recoverable or not, thanks

in Accounting Technical Support

Comments

  • EmmaPEmmaP Member Posts: 639 ✭✭✭

    Hi @lesgarsdulac! Thanks for reaching out. In this case I would create each tax individually so you can then mark them as recoverable/non-recoverable as needed and then apply them to the products you buy & sell. It is best to set up and treat each different tax individually so you are applying them correctly.

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