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. Log in: Start by logging into your Kloo account.

  2. Navigate to 'Configurations': Once logged in, head to the 'Configurations' section. This can be found within 'Settings'.

  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 centralized 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.

We believe that this feature will empower you to take greater control over your accounts payable processes, providing a seamless and customisable experience. If you have any questions or need further assistance, our support team is here to help (support@getkloo.com).