Auto-selection of Taxes in ApprovalMax for Xero

Auto-selection of Taxes in ApprovalMax for Xero

In Xero, you can set default Taxes for:

  1. Contacts
  2. Inventory items       
  3. Accounts in the chart of Accounts    

ApprovalMax follows the same logic as Xero and applies your default Taxes for Bills, Invoices and AP/AR Credit Notes in the following order of priority:

1. The default tax rate for the contact used in the transaction
 The default tax rate for the inventory item used in the transaction line (if an inventory item is being used)
 The default tax rate for the account code used in the transaction line

For Purchase Orders only, the inventory item tax rate is used in preference to the contact tax rate.

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