What is Taxes Configuration?
Taxes Configuration allows businesses to define, manage, and automate tax rules for sales, purchases, and accounting operations. It ensures compliance with local tax regulations and simplifies tax reporting.
Key Features of Taxes Configuration
- Flexible Tax Setup – Create and manage multiple tax types (VAT, GST, service tax, etc.).
- Automatic Tax Calculation – Apply correct tax rates automatically on invoices and bills.
- Multi-Country Support – Configure regional or country-specific tax rules.
- Inclusive & Exclusive Taxes – Support both price-inclusive and price-exclusive tax methods.
- Tax Mapping – Define tax rules for products, customers, and vendors.
- Tax Groups – Combine multiple taxes under a single tax category.
- Tax Reports – Generate detailed tax summary and audit reports.
- Credit/Debit Note Adjustment – Automatically adjust taxes during returns or corrections.
- Automatic Posting – Record tax entries directly in accounting journals.
- Integration with Sales & Purchases – Ensure taxes flow seamlessly through all transactions.
✅ With Odex Taxes Configuration, businesses can stay tax-compliant, reduce manual calculation errors, and simplify end-of-period tax reporting.
