- To set up tax codes using the Taxes API, see the Tax Code API.
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To set up tax codes in the Pleo application, mention the following details in the Settings > Accounting > Setup tab:
Columns Description Type Defines the specific type allocated to the tax. Name A specific name for the tax code. Code An internal identifier of the ERP/accounting system assigned to the specific tax type. Tax rate The percentage of tax applied to an expense with this specific tax code.
Configuring Customer Account in Pleo
Configuring Tax Codes
Tax codes imply the Value Added Tax (VAT) rate applied to an expense.
Hence, you must specify the appropriate tax codes that are relevant for your business- this helps to apply the correct tax code to an expense recorded in Pleo.