How to set your currency and tax rates
Web
Updated Aug 2026
Get money and tax right before you trade. Set your base currency, add your tax/VAT rates, and decide whether your prices include or exclude tax — then every sale and purchase posts the correct tax automatically, with no manual maths.
Step by step
- Set the base currencyWeb: in business settings, set your base currency (the one your books are kept in).
- Add your tax ratesCreate the tax/VAT rate(s) you charge, with the correct percentage.
- Choose inclusive or exclusive pricingDecide whether the prices you enter already include tax, or tax is added on top. This must match how you price on the shelf.
- Assign tax to productsMake sure products carry the right tax (or are marked exempt). New sales then compute tax correctly.
Where to find it
Web: business / tax settings.
If tax later looks wrong on a sale, see wrong tax on a sale.
Frequently asked questions
How do I set up VAT/tax?
Set your base currency, add your tax rates, choose whether prices include or exclude tax, and assign tax to products. Sales and purchases then post tax automatically.
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