Tax Bot

by bkper

The Bkper Tax Bot is triggered upon the transaction posting event when either one of the accounts on the transaction has the property "tax_rate" set. It can also be triggered when one of the accounts is in a group with this property. Taxes are calculated based on the transaction amount and the tax_rate property from the account (or group). With the data off the transaction and the tax_rate, the Tax Bot will record a new transaction with the entry for the taxes.

Bkper Tax Bot in action

Tax on sale example

Tax on sale example

Tax on purchase example

Tax on sale example

The examples use simplified cash basis for easy understanding. You can also set more complex tax flows involving accounts payable and receivable instead of the direct Bank Account.

Learn more about sales taxes and bots on Bkper:

Bkper Bots Installation

Sales taxes on Bkper

Tax Bot help