Accounting Manager - Accounts Tax Codes

Modified on Thu, 26 Oct 2023 at 11:51 AM

Here you can add in your different tax codes that Hop will need to correctly assign your transactions to the correct VAT code.  


You will likely only need to setup a 0% VAT code and a 20% VAT code; however, this will vary depending on your location. We advise that you speak with your accountant if you are unsure which codes to setup.  




To create a new code, you need to click the add button at the top right, this will then open a new screen where you can enter the information  

 

Option Type 

  • This is preset to Accounts Tax Code 

Option Value 

  • This will be your relevant code e.g. Sage 50 T1= 20% 

Sort Order 

  • This will be the order that the tax codes appear in a drop-down list if you, for example, would like T1 to show first in the list add 1 under sort code.  

 



 

  

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