Wednesday 31 October 2012

How Tax Works in Dolphin - 3 Assigning a Default Tax to a Stock or Service Item

Following on from our previous post:  How Tax works in Dolphin - 2 Assigning a Default Tax to Clients and Suppliers, we will now briefly cover how to assign a default tax to a specific Stock or  Service item.

When you create a Stock or Service Item you can pick a default tax code for that item. You can also go back and edit the Item details.

This could be done where a specific Item is zero-rated for Tax , and will not have VAT or GST or another type of sales tax applied to it when you buy it , or when you sell it.

Here's how you do it ...

Thursday 25 October 2012

How Tax works in Dolphin - 2 Assigning a Default Tax to Clients and Suppliers


Following on from our previous post : How Tax works in Dolphin - 1 Setting up Tax types, we will now go through the process of assigning a default tax to a specific client and a specific supplier.

When a new client , or a new supplier is captured if no Tax Code is specified , the new client or supplier will save with a Default Tax assigned to them.

In a standard system , this will be either GST 10%, or VAT 14% ( or the main local tax for your region) .

You can however edit this -  for example to specify a client as GST / VAT exempt.

This is how you edit the tax percentage assigned to a client or supplier.


Wednesday 24 October 2012

How Tax works in Dolphin - 1 Setting up Tax types

Our next series of posts will focus on how Tax works in dolphin, where you can set it up , and what to do if your quotes are not calculating the way you expect them to.

We will cover the following in a series of 5 consecutive posts, finishing off by tying together the concepts to explain what to check if there is a specific quote that is not doing what you expect.

  • Setting up and changing the actual tax types 
  • Assigning a default tax to a client or supplier 
  • Assigning a default tax to a Stock Item or Service 
  • How the tax is calculated on a quote letter 
  • What to do if you need to change the tax after a quote has been printed or emailed