Tip of the Week: How to Apply Two Taxes | TimeSolv
Tip of the Week | 2 min read

Tip of the Week: How to Apply Two Taxes

Written by Maleeha Ahmad

2 min read

TimeSolv prides itself in flexibility with all aspects of our legal billing software. You always need adequate flexibility when generating invoices so that you can meet your customers’ needs. We know firms in Canada may need to charge two different taxes and the taxes have to be on separate lines of the invoice. TimeSolv offers the ability to define two different types of taxes. You can customize the labelling of the ‘Tax’ field as you need, so even if you are not based in Canada and do not need two taxes, you can customize the field so that one is used as an ‘Admin Fee’ for example, while the other is a ‘Tax’. This week’s Tip of the Week takes a look at how to set up and apply two taxes/admin fees for your invoices.

To start with, head under Accounts>Settings>General tab. Here you can specify labels and IDs for the Taxes, or you can even name one of the fields an ‘Admin Fee’ and the other ‘Tax’ in case you want to charge both.

There’s a checkbox at the bottom of this section that reads ‘Apply Tax 2 on Tax also‘. Enabling this means the second Tax (‘Tax 2’ field) will tax the first tax (‘Tax 1’ field). See example below:

Now, if you have set up an ID for your Taxes, you’ll need to make sure you enable these to show up on your invoices. To do that you’ll need to head under Invoices>Settings>Flexible Templates. Open the template you’ll be using for the invoices or create a new one.

Click to edit the template, and under the Main Page tab ensure the checkboxes are enabled against ‘Tax‘ and ‘Tax 2‘ towards the bottom (these labels may appear different if you changed the Tax label to something else under Account>Settings).

For more information on how to apply Tax rates to Clients, Time Entries, Expense Entries, click here.

If you’d like to contact TimeSolv support for help, please call 1.800.715.1284 or schedule a FREE 30-minute session now!

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