When you add a tax rate, you add it at the system level and apply it to the GL accounts you want to be taxed. Whenever a charge is created, Kube automatically applies tax to the charge if the charge's charge code is linked to a GL account that is configured to be taxed. If you need to make changes to an existing tax code, you can do so.
This article describes editing a tax rate when your organization is located outside the United States or has properties in both the United States and other regions. To edit a property tax code when your organization is located only in the United States, see Editing a tax code (US Only).
CAUTION: When you save your changes to a tax rate, Kube updates all open charges that include the tax. Kube also updates all items whose charge code GL account contains the tax in contract drafts that have not yet been activated. If an active contract contains items with charge code GL accounts with the edited tax, Kube updates the tax once the contract auto renews, if auto renew is enabled, or when the contract is amended.
Kube only recommends updating the GL Accounts you want to be taxed when editing a tax rate. Otherwise, if the tax rate percentage has changed, an end date should be entered in the Date Range field, and a new tax with the new percentage should be added.
To edit a tax rate
Select your Personal Profile in the top menu and select System Settings from the drop-down menu. The Operator Profile screen appears.
Select Accounting in the side menu and select the Tax Rates tab.
Locate the tax in the grid and click the row. Click Edit.
Complete the fields. For field descriptions, see Adding a tax rate (US and International Regions).
Click Save.
TIP: If you have edited the tax rate of an existing record and want to apply the tax rate as described above, click the Sync button.