Change the Tax Rate on an Account in Your Chart of Accountsadmin
You can change the tax rate on an account in your chart of accounts so that it can be applied to new transactions.
- In the Settings menu, select Account Settings.
- Click on the Chart of Account under Organization.
- Select the checkbox next to the Account you want to change the tax rate on.
- Click on the Change Tax Rate button.
- Select the required tax rate.
- Click Ok.
Note: The new tax rate won’t have any effect on existing transactions.