Tax rates for purchase requests and invoices

We're excited to announce a new enhancement to Kloo that puts you in control of your purchase requests and invoices like never before

Introducing the Tax Rate Customisation feature, designed to make your financial processes more efficient and tailored to your specific needs.

Please note the below process can only be accessed by Organisation Admins

How to Access the tax rate customisation feature:

  1. Login to Kloo

  2. Navigate to 'Settings' > 'Configurations' 

  3. Add Your Tax Codes in the 'Organisation' tab: Simply input the relevant information to customise your tax rates. Please note, tax code configuration will apply to both Purchase requests and Invoices.

Key feature highlights:

  1. Tailored tax rates: With the Tax Rate Customisation feature, you have the flexibility to set tax rates that align with your specific business requirements.
  2. Optional or mandatory setting: Customise the feature to suit your workflow by choosing whether tax rates are optional or mandatory when populating a purchase request.
  3. Enhanced accuracy: Ensure accuracy in your financial transactions by incorporating precise tax rates directly into your purchase requests.
  4. Streamlined compliance: Simplify compliance with tax regulations by effortlessly managing and applying tax rates in one centralised platform.
  5. Time and cost savings: Say goodbye to manual calculations and potential errors. Automate the tax rate application process to save time and reduce the risk of costly mistakes.