Taxes in East Africa and beyond · Guide 141 of 624
Taxes in RockifyERP
RockifyERP applies VAT, excise, withholding and other taxes through tax templates and rules, so invoices are right without manual sums.
What you need to know
- Tax accounts hold what you owe or can claim, for example VAT Payable and VAT Receivable.
- Sales and purchase tax templates list the taxes that apply to a transaction.
- Item tax templates handle items with a different rate, such as zero-rated or exempt goods.
- Tax rules choose the right template automatically based on customer, supplier or location.
Tip: Have your tax adviser review the templates once. After that, RockifyERP applies them consistently.
Need more help with RockifyERP?
Can’t find what you’re looking for? The RockifyERP support team can walk you through it. Contact RockifyERP support.