How to access Contact account taxes for sales transaction modules?
Note: For instance, we have considered the Invoices module, you can go to any sales transaction module.Contact account taxes lets you link a Contact’s Sales account with an Invoice. It auto-updates the taxes chosen for a Contact’s Sales account while preparing an Invoice for an Item. Follow these steps to access Contact account taxes:- Step 1: Setting up a Sales account
- Step 2: Linking a Sales account to a Contact
- Step 3: Automated tax updation with Contact account taxes
Step 1: Setting up a Sales accountFollow these steps to add to a Sales account:- Log into your CRM account.
- Click the User Menu.
- Click Settings.
- Look for Inventory.
- Click Chart of Accounts.
- You will be directed to the Chart Of Accounts page.
- Click + Add Account button.
- You will be directed to the Add New Account window.
- Add or select the below information:
- Account Name
- Account Code
- Account Type
- Select Tax
- Click Save.
You have now successfully added a Sales account.Step 2 : Linking Sales account to a ContactFollow these steps to link a Sales account to a Contact:- Login to your CRM account.
- Click the User Menu.
- Click Essentials.
- Look for Lead & Contact Management.
- Select Contacts.
- Select a Contact.
- Under Basic Information in the Sales Account field select a Sales account.
You have now successfully linked a Sales account to a Contact.Step 3: Automated tax updation with Contact account taxesFollow these steps for automated tax updation with Contact account taxes:- Login to your CRM account.
- Click the User Menu.
- Click Inventory.
- Look for Order Fulfillment.
- Select Invoices.
- Select an Invoice.
- Under Invoice Details in the Contact Name field select a Contact.
- Under Item Details:
- Select an Item.
- Select the Tax Mode Contact account taxes.
- Under Tax, taxes derived from the Contact’s Sales Account are autofilled.
With CoA, Contact account taxes has now successfully autofilled a Contact's Sales account taxes for an Invoice.