How to Create a Tax Rate

Introduction #

Managing tax rates efficiently is crucial for accurate financial records and compliance. This article provides a step-by-step guide on how to create and manage tax rates in the Cosmic ERP Accounting module.

Prerequisites #

There are no specific prerequisites required to create a tax rate.

Steps to Create a Tax Rate #

1. Login to Cosmic ERP
   • Enter your credentials and click on the login button.
2. Navigate to Accounting System
   • Once logged in, locate and click on the Accounting System from the main menu.
3. Access Accounting Setup
   • In the Accounting System, find and click on the ‘Accounting Setup’ option.
4. Select Taxes
   • Click on the ‘Taxes’ option within the Accounting Setup section.
5. Create a New Tax Rate
   • Click on the create button to initiate the creation of a new tax rate.
6. Enter Tax Rate Details
   • Tax Rate Name: Enter a name for the tax rate.
   • Tax Rate %: Enter the percentage for the tax rate.
7. Create Tax Rate
   • Once all information is entered, click on the ‘create’ button to finalize and save the tax rate details.

Conclusion #

Creating a tax rate in the Cosmic ERP Accounting module is a simple process that helps you manage your tax obligations effectively. Following these steps will ensure your tax rates are accurately recorded and easy to manage.