Adding Tax Deductible Classification to a Transaction
You can add to a transaction that it is tax deductible. Once the transaction has been created, select the +Add button from the tax column.
Select the Tax Group, adding in the percentage of tax deduction applicable for that particular transaction; the tax deductible amount will then be calculated and displayed.
A red tax button indicates that you have tax deductions associated with that transaction.
If you wish to remove the tax deductible amount from a particular transaction, select the red Tax button from the transaction list, select Non-Deductible and Save.
You can also link your property account to your tax deductions if the deduction is related to rental income and expenses.
