Financio has implemented an outdated tax rate reminder feature in all transaction screens to alert users that they are selecting an outdated tax rate.
Please refer to the steps below:
- Navigate to Sales tab > Click Add Icon
- Choose Invoice/Quotation
- *User is in 2023 but selects a 7% tax rate (instead of 8%)
- Click Done
- Then, click Save
- On the confirmation pop-up message, if the user clicks Confirm, then the system will create an invoice with a 7% tax rate
- If the user clicks Cancel, they will remain on the current screen
The reminder pop-up message is available in the following module:
How do we consider a tax rate is outdated?
Effective 1 Jan 2023, the official GST Tax rate will be 8% and 0% for zero-rated tax. For any tax rate that are not equal to the 8% or 0% rate, the system will consider them outdated.
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