Default Tax Inclusive & Exclusive Setting for Expenses

  • Updated

Welcome to our guide on setting your default tax inclusion preference for expense invoices in Re-Leased. This setting allows you to streamline the creation of expense entries by automatically selecting whether amounts are tax inclusive or exclusive. By adjusting this setting according to your needs, you can reduce the number of clicks during entry and minimize the chance of errors when accounting for tax in your expenses.


Setting Your Default Tax Inclusion Preference

Changing the default setting for tax inclusion on expense invoices is a simple process that can be completed in a few short steps within the Company Settings. This will affect how newly created expense invoices calculate tax by default, saving you time and helping to prevent inadvertent tax errors.


Navigating to the Tax Inclusion Settings

Here's how you can update your default tax setting for manually created invoices:

  1. Go to Company Settings and select Manage Companies.
  2. Select the Invoicing dropdown.
  3. Click on Manually Created Invoices.


Selecting Your Preferred Default

Once you've accessed the invoicing settings:

  1. Look for the setting labelled Default to tax inclusive or exclusive for line amounts.
  2. Select the dropdown arrow to reveal your options.
  3. Choose your preferred default setting (either Tax Exclusion or Tax Inclusive).
  4. Scroll to the bottom of the page and select Save.


By following these steps, you will have successfully updated your preference for tax inclusion on expense invoices, leading to streamlined invoice creation and accounting consistency within your business operations.

Was this article helpful?