Overview:
Managing tax settings consistently across all transaction forms is crucial for ensuring accurate tax
computations and maintaining compliance with tax regulations. QNE Cloud Accounting (QCA)
provides a Global Tax Setting feature that allows users to set Tax Inclusive as the default for all
transactions, eliminating the need to manually configure taxes for each form.
This guide outlines the steps to enable this setting, ensuring taxes are automatically applied to
transactions like Sales Invoices, Purchase Orders, and other financial documents.
Scenario:
Your company wants to apply Tax Inclusive settings by default for all transaction forms to prevent
errors and ensure consistency across financial records. Instead of manually setting tax preferences
for each transaction, you can enable a Global Tax Setting that applies automatically whenever a new
transaction is created.
Solution:
1. Enable the Global Tax Setting
Navigate to Accounts and select Advanced Options.
- Click on the Tax Tab.
- Locate Tax Default Settings and toggle ON the option to enable Tax Inclusive as the default
setting. Click Yes to confirm changes.
2. Verify Tax Inclusion in Transactions
Create a transaction, such as a Sales Invoice.
Check the tax section – the Tax Inclusive setting should be automatically enabled.
- Proceed with completing and saving the transaction.
Application:
For example, a retail business that issues Sales Invoices needs to ensure that all transactions
automatically include the correct tax calculations. By enabling Global Tax Settings, businesses can:
Ensure consistency across all transaction forms.
- Save time by eliminating manual tax configuration.
- Prevent errors in tax computation and reporting.
Applicable only on the following transactions:
General Ledger Module
Journal Voucher
Receipt Voucher
- Payment Voucher
Sales Module
Quotation
Sales Order
Delivery Order
Sales Invoice
Sales Debit Notes
Sales Credit Notes
Cash Sales
Purchases Module
Purchase Requisition
Purchase Order
Good Received Notes
Purchase Debit Notes
Purchase Returns
Cash Purchases
Account Receivable Module
Invoices
Debit Notes
Credit Notes
Account Payable Module
Bills
Debit Notes
Credit Notes
With this feature enabled, users can streamline tax handling while maintaining accurate and
compliant financial records in QNE Cloud Accounting.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article