Home > Taxes
Many small businesses have to charge sales taxes for goods and services sold. When the tax settings are properly set up, TrulySmall Accounting will track the sales tax for you when you sell goods and services as well as track sales tax you have paid on expenses.
The Taxes screen includes taxes which were pre-configured for your business based on your business location. TrulySmall Accounting monitors changes in taxes and rates, and updates the configured taxes as needed.
Click on + Add tax configuration link to change the date range for which you are registered to recover taxes, or add a missing "Registration Number".
If you charge this tax on Income, make sure the "Registered" slider is set to active. The Sales Tax will now be available for you to use when entering your income and expenses.
Sales Taxes for the US will be available soon.