You can apply multi-part tax codes while creating invoices in Bill Pay.
How to select a multi-part tax code
- Navigate to Bill Pay
- Select "+ New Bill" to start a draft
- In Step 3 (Categorization) of the bill creation flow, select a Tax Code for the line item(s) on your invoice
If the selected tax code has multiple tax components, a field component will appear for each required rate. These amounts will be automatically filled based on which option is selected in the "Source" drop-down next to the Tax Amount:
Custom Amount: The tax amount will be calculated based on the manually inputted tax amount for each component
Tax Code: The tax amount will be calculated based on the selected Tax Code and the tax rate of each component
Invoice: The tax amount will be pulled from the uploaded invoice document, when Float extracts multiple line items from it