Preferences - Taxes
Keep all Debt/Credits updated with default Tax types
When editing a Debt/Credit type, all Debt/Credits of that type will receive that tax information of that Debt/Credit type.

Using the Update Now button will overwrite any manual changes you've made to a Debt/Credit's tax settings. Only use this button if you're sure of the settings you've made to the Debt/Credit categories' default taxes.

Edit Tax Window Options
Name
Name of the tax.

Percent
Percent of the tax.

Mode
Standard is a regular tax. Piggybacked taxes are applied to the total of another tax. For example, if Tax A (10%) is standard and Tax B (7%) is piggy backed onto Tax A, and they are both on an Invoice for $100, Tax A will total $10.00, while Tax B will be 10.00x0.07=$0.70.


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