[Taxes] Can I set up multiple tax rates for different products or countries? How are tax rates mapped to accounting code classifications?

Yes, you can set up multiple tax rates for different products or countries. Tax rates are set up as a simple table, where users can assign a name, country (dropdown to support US, Canada, and India for now), State/Province (support country-based dropdowns), and Tax rate (% age).

Taxes are also mapped to the GL string (accounting structure).

For example:

• Office Supplies expense at $100 plus 13% tax = $113.00 total payable to Vendor ABC
• $100 to be coded to GL 6455 (Office Supplies Expense), department 101 (Gen & Adm)
• $13 to GL 5110 (HST Tax Paid), department 101 (Gen & Adm)