What is tax mapping?
MarketManallows you to send the tax charged on an invoice to a specific tax account in your accounting software. This way you can easily follow up on that tax and see it separately than the food costs.
Note: This is only applicable if you use Xero, Quickbooks Online, or Quickbooks Desktop and you are in a tax-supported account. If you have any questions please email your account manager or support@marketman.com
HOW TO - Step by Step
- Go to "Settings" > "Company"
Click on "Map tax rates for exporting" on the bottom of the right side.
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Type in the information exactly like it is in your accounting software
Please make sure this is from your tax account list, not just the chart of accounts!
**If you are using QB Desktop, it is the actual tax code not the description that needs to be used. Typically this is just one letter!
- Don't forget to hit "save"!