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Magaya Software Accounting Manual

Magaya Software Accounting Manual

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SALES TAXES<br />

INTRODUCTION TO SALES TAXES<br />

Sales Taxes<br />

Introduction to Sales Taxes<br />

The Tax Table shows the sales tax you have set up in <strong>Magaya</strong> Explorer. You can<br />

add sales tax entries to the tax table. The Tax Table is in the Chart of Accounts,<br />

under the Actions button.<br />

After you add a Tax Item, it can be added to an Item or Service. This will automatically<br />

include the tax when the item is used in an Invoice or Bill.<br />

Follow the steps below to add a new tax item.<br />

Steps: Add a Sales Tax Item<br />

1) Go to the Chart of Accounts.<br />

2) Click on the Actions button and select “Tax Table.” A table opens. (If you<br />

have not added any items, the table will be blank.)<br />

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