Apply Multi-Part Tax Codes to Card Transactions

You can apply multi-part tax codes to card transactions in Float. These tax codes include multiple components, each with its own rate. When you select a multi-part code, separate fields will appear for each component.

How to Select a Multi-Part Tax Code

1. 1. Navigate to Transactions
   2. Click the transaction you want to complete
   3. In Transaction Details, choose the appropriate tax code

If the selected tax code includes multiple tax rates, you'll see a field for each component. These amounts are pre-filled based on the information extracted from the receipt and calculated based on the tax rate.

If needed, you can manually edit the component fields. When editing a component field, the total "Tax Amount" will update automatically.

Xero users: You won't be able to change the component fields directly. Instead, adjust the total Tax Amount—the component values will be updated automatically.

Export Transactions with Multi-Part Tax Codes

Bookkeepers and Admins can view and edit multi-part tax codes from the Transaction Export page.

What you'll see

Each transaction includes a summary of:

• The total tax amount
• A breakdown of each tax component
• Any tax-exempt amounts

Edit tax components

When editing a transaction with a multi-part tax code, you can update the tax amount by updating the individual tax components or by manually inputting a custom tax amount.

To input a custom tax amount:

• • Navigate to the Transaction Exports page > Select the transaction
  • If not already selected, select the appropriate multi-part tax code from the "Tax Code" drop-down list
  • Under the "Tax amount" header, select the drop-down menu
    • Select the "$0.00 (Custom)" option
    • Once selected, you'll be able to manually add a custom tax amount

Note: Once a custom total tax amount has been inputted, changing the tax code will not update the total tax amount. Changing tax codes will only update the total tax amount if it has not been manually updated.