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Make tax default settings available at GL account and Tag level
My bookkeepers have reported that users rarely pay attention to the tax code when submitting expenses. So items that should be tax free such as 'Client entertainment','Overseas accommodation', 'Overseas meals' etc are getting the default tax applied, which in our case is usually GST at 10%.
This means that they spend a lot of time correcting receipts that have incorrect tax during approval. Also, if the approver doesn't pick this up and correct it then the item gets imported to the Acct Sys with incorrect values and tax code which impacts statutory reporting.
They would like the ability to set the default tax code at the GL Acct and Tag level in the Policy Admin setup. Apologies if this idea was already submitted!
Comments
Great idea @jbaxter!
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0 · Accept Answer Off Topic Insightful Vote Up Awesome@jbaxter just wanted to give you a heads up that we're currently in development of category tax defaults, which fits part of your idea here with the GL account default tax code.
Keep an eye on the Product Updates category for release notes in the future!
Once tax codes for categories are live, I'll update this idea to be solely for tax code defaults at the tag level. Cheers!
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0 · Accept Answer Off Topic Insightful Vote Up Awesome@Sheena Trepanier great news! So excited. This will help us automate a lot and improve the quality of our data too.
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0 · Accept Answer Off Topic Insightful Vote Up AwesomeWe have released this feature! Please check out this Product Update post for more details https://community.expensify.com/discussion/5192/category-tax#latest
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0 · Accept Answer Off Topic Insightful Vote Up Awesome