RevenueUpdated
Tax rates and services
Add the tax rates your documents use, keep a list of services with prices, and set each member's bill and cost rate for logged time.
Tax rates, services and member rates live on one page: the Rates & tax tab of Revenue settings. Set them up so quote and invoice lines price themselves.
Before you start
- Revenue must be on. See Set up Revenue.
- Member rates can only be seen and changed by admins, and only while Time tracking is on.
Open Rates & tax
Go to Revenue > Overview, click the gear, then click the Rates & tax tab.
The page has three sections: Rates, Services and Tax rates.
Add a tax rate
- Under Tax rates, click Add tax rate.
- Type the name and the Rate %.
- Tick Inclusive if your prices already include this tax.
- Add a Jurisdiction and Agency if you want them on record.
Each line on a quote or invoice can then pick a rate in its Tax column, or No tax.
When you remove a tax rate, any service that uses it as its default tax is set to No tax. Documents already sent keep their amounts.
Skip tax for a client
Tick Tax exempt on the client's company or contact record. Documents for that client carry no tax on any line. The field is hidden by default; show it from the record's fields.
Add a service
- Under Services, click Add service.
- Type the service name and its Unit price.
- Pick a Default tax, or leave it on No tax.
On a quote or invoice, click Add service under the lines to add a line with that name, price and tax filled in.
Set member rates
Under Rates, each member has a Bill rate and a Cost rate per hour. These price logged time when you bill it and when Spodus works out a project's margin.
A time entry's own rate wins first, then the project's, then the member's.