Configuring Taxes and Fees

In SnowCloud, you can configure taxes and fees to ensure that your accounting is accurate and up-to-date. This article will walk you through the steps to configure taxes and fees in SnowCloud.

Creating a New Tax or Fee

1. Start by logging into your SnowCloud account.
2. From the left side navigation menu, click on Accounting, then under the Accounting Setup section, click on Taxes & Fees.
3. You should now see a list of any taxes or fees you’ve already created. To add a new tax or fee, click on the Plus icon at the top right of the page.
4. Start by selecting either Tax or Fee from the Tax/Fee Type dropdown.
5. Next, click on the GL Code Link to select the General Ledger account that will be associated with this tax or fee.
6. Taxes and fees can be charged either at a fixed amount or as a percentage of the transaction. Use the Charge Type dropdown to select the appropriate option.
7. Next, set the Amount for the tax or fee. If you’re charging a percentage, enter the percentage value here.
8. Before finishing, make sure to enter a Title for your tax or fee.
9. Finally, click on the Save New Tax/Fee button to save your changes.