Set charge types or specific charges and payments to be tax deductible.
For the whole charge type
- Navigate to Admin > My Lists > Charge Types
- If creating a new charge, select Add New, otherwise select the name of the charge type to set a tax-deductible amount for:
| Setting | Description |
| None | All charges will be $0 deductible. |
| Completely | All charges will be 100% deductible. |
| Percentage | Allows for a percentage of the charge to be tax deductible. |
| Certain Amount/Everything But Amount | Set the specific amount of each charge that should be deductible or not deducible per quantity. When adding charge in Transaction Add, indicate the quantity of the charge, which will determine how much is tax deductible. For example, for a dinner charge of $250 where $50 is NOT deductible, add a charge for $1,000, enter the quantity as four to tell the system that $200 is not deductible. |
For individual charges/payments
To allow an admin to set a specific charge or payment as deductible or not, First enable that in the settings. Navigate to Admin > Settings > Edit Settings > Financial Options.
By default, "Custom Tax-Deductible Amounts" will be set to No. If set to Yes, a user can edit a charge or payment and override the tax-deductible amount.