Hey guys! This tutorial is designed to explain how Tax works in the SynkedUp system, both the tax that you as a contractor pay and the tax that you charge your customers for.

This video gives you an overview:

There are 3 layers to the SynkedUp tax system:

1. In the Budget Settings screen, you set the tax rate you pay on items as the contractor but don't get back when you bill the customer.

To set this rate go to System Setup > select the Current Year > and enter the Tax Rate.

2. In the Item Catalog you can use the taxable toggle on an item to define what items you pay tax for, but do not get back when you bill the customer

3. In the job, you define what is taxable for the customer with the taxable toggle on the workarea level for Quoted Price work, and on the item level for T&M or Flat Rate work.

You define what is taxable for the customer with the taxable toggle on the item level for T&M or Flat Rate work.

If tax used to be added to your item costs automatically and suddenly isn't — even though the item is still marked taxable — the usual cause is that the Current Year tax rate is blank. This most often happens after a new year rolls over and the new year's rate hasn't been entered yet.

Fix: Go to System Setup → select the Current Year → enter your Tax Rate (the same rate described in Layer 1 above). Once it's set, tax will start adding to your costs automatically again.

Hopefully that answers all your questions about taxes. If you still have questions, drop them in the blue chatbox!