After integrating, Receipt Bank will import all of your Tax Codes from QuickBooks Online.
You can toggle whether or not to publish tax information using the Publish Tax Data button in the Integration section of the Account Settings page.
By setting a Default tax rate, you specify which Tax Code should be applied to any submitted receipt whenever Receipt Bank detects a tax value.
This is shown as Extracted Amount in the Tax field of the Receipt Details page. You can change the Tax Code of any item at any time.
If we receive a receipt with no tax, or with transactions that are taxed differently, we’ll create a zero-rated line item to split the cost between the different rates.
You can specify which tax code zero-rated transactions are given using the Default Exempt Tax Rate dropdown in the Integration section of the Account Settings page.
- To see your tax rates in QuickBooks, click Taxes on the left hand side
- To add a new tax rate, click Add Tax .