Accounting Manager - Accounts Tax Codes

Modified on Mon, 17 Oct 2022 at 11:03 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.  

 



 

  

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons

Feedback sent

We appreciate your effort and will try to fix the article