In your account settings, you can create and save multiple sales tax rates to be used as needed in your projects. So, if there are certain tax rates that often apply to your projects, head to your account settings to set this up.
Here’s how it works:
- Under “Account Settings,” select “Sales Tax.”
- Click “Add Sales Tax” to add a new tax.
- Give the tax a name, enter the agency and % rate.
- Once you save the new sales tax, you’ll be able to start using it in your estimates.
Please note, if you update an existing sales tax in your account settings, it will only update the value for any new documents. It will not affect existing documents.
Set tax rates for estimates
Each line item on your estimate has a tax column. The default tax setting on Ivy is “Material.” You can set the tax column as needed to either: None, Material, Labor or Both.
To make changes, click the arrow in the tax column for the desired line item and a dropdown will appear. Choose the type of tax which applies to the item or select “None.”
Once you’ve set the tax correctly for your line items, scroll to the bottom of the estimate where you’ll be able to determine which tax rates should apply to this estimate.
Click the arrow next to “Tax for material” and “Tax for labor” to choose one of the tax rates saved in your account settings. This rate will be applied to any line item marked in the tax column as either “Material” or “Labor.” If you’ve marked a line item as “Both,” both taxes will be applied.
If you’re already working on an estimate and you need a tax rate that doesn’t yet exist in your account, you can create that new tax rate from within the estimate. Select the dropdown arrow next to “Tax for material” or “Tax for labor.” Click “Create New” to add a new tax rate. The tax rate will be saved in your account and can be used on future projects and estimates.
Have more questions about setting tax rates in Ivy? Reach out to support at firstname.lastname@example.org.