Add, edit, or delete a sales tax

From your account settings, you can add, edit, or delete a sales tax.

Add a sales tax in your web browser

Edit a sales tax in your web browser

Delete a sales tax in your web browser

Add a sales tax in the Wave mobile app

Edit a sales tax in the Wave mobile app

Delete a sales tax in the Wave mobile app

Add a sales tax in your web browser

1. Click on your business name in the top right corner.
2. Click business settings from the drop-down menu.
3. Click sales taxes on the Settings menu.
4. Click create a sales tax.
5. On the Create a sales tax page, enter the tax name, abbreviation, and description (optional).
6. Enter your tax number (this is optional).
   If you'd like to have your tax identification number appear on invoices in which you've charged tax, select the box next to Show tax numbers on invoices.
7. If the tax you’re collecting is recoverable, select the box next to This tax is recoverable.

   Learn more about recoverable vs. non-recoverable taxes.

8. If the tax you’re collecting is a compound tax, select the box next to This is a compound tax.
9. Enter the tax rate (do not include the % sign).
10. Click Save.

Once you’ve created a new sales tax, you will be able to add it to your invoices, bills, and transactions.

You can also add a new sales tax while creating an invoice, bill, or transaction. All sales taxes you create can be found under Settings > Sales Taxes in your Wave account, whether they were created directly through the Settings page, or from the Invoices, Bills, or Transactions pages.

Edit a sales tax in your web browser

1. Click on your business name in the top right corner.
2. Click business settings from the drop-down menu
3. Click sales taxes on the Settings menu.
4. Click on the pencil icon to the right of the sales tax you want to edit.
5. Edit the required fields. The tax name, abbreviation, description, and tax number can be edited. It is also possible to enter a new tax rate and the effective date if your tax rate changes.

Once a sales tax has been created, the checkboxes to set a tax as recoverable or compound will be greyed out, and you can no longer edit this field. If have accidentally set these fields incorrectly, you will need to create a new sales tax. Make sure to edit all invoices, bills, and transactions to update the sales tax to the correct one.

Delete a sales tax in your web browser

1. Click on your business name in the top right corner.
2. Click business settings from the drop-down menu
3. Click sales taxes on the Settings menu.
4. Click on the trash can icon to the right of the tax you want to delete.
5. You will see a warning that this action cannot be undone. Click on OK to proceed with deleting the tax.

Deleting a sales tax does not remove that tax from the invoices, bills, or transactions it was added to. You will need to manually edit them to remove the tax or update them to include a new sales tax. Deleted sales taxes will appear on the Chart of Accounts page under Accounting, with an Archived tag beside them.

Add a sales tax in the Wave mobile app

1. Log in to the Wave mobile app.
2. Tap Dashboard on the bottom menu, then tap More at the top right.
3. Tap Sales taxes.
4. Tap Add a sales tax or the + icon at the top right.
5. Enter the tax name and tax rate.
6. If the tax you’re collecting is recoverable, select the box next to This is a recoverable tax.
7. If the tax you’re collecting is a compound tax, select the box next to This is a compound tax.
8. Enter your Tax ID/number (this is optional).
   To have your tax ID number appear on invoices in which you've charged tax, select the box next to Show tax ID on invoices.
9. Tap Save.

You can also add a new sales tax while creating an invoice. All sales taxes you create can be found under More > Sales taxes in the Wave mobile app, whether they were created directly through the Sales taxes page, or while creating an invoice.

Edit a sales tax in the Wave mobile app

1. Log in to the Wave mobile app.
2. Tap Dashboard on the bottom menu, then tap More at the top right.
3. Tap Sales taxes.
4. Tap on the sales tax you want to edit.
5. Make the required edits, then tap Save.

Once a sales tax has been created, the checkboxes to set a tax as recoverable, or compound will be grayed out, and you can no longer edit this field. If you have accidentally set these fields incorrectly, you will need to create a new sales tax. Make sure to edit all invoices, bills, and transactions to update the sales tax to the correct one. Bills and transactions can only be edited by logging into waveapps.com on a web browser.

Delete a sales tax in the Wave mobile app

1. Log in to the Wave mobile app.
2. Tap Dashboard on the bottom menu, then tap More at the top right.
3. Tap Sales taxes.
4. Tap on the sales tax you want to delete.
5. Scroll down to the bottom, then tap Delete this sales tax. Tap Delete again in the pop-up box to confirm.

Deleting a sales tax does not remove that tax from the invoices, bills, or transactions it was added to. You will need to manually edit them to remove the tax, or update them to include a new sales tax. Deleted sales taxes will appear on the Chart of Accounts page under Accounting, with an Archived tag beside them. To edit bills and transactions, or view your Chart of Accounts, log into waveapps.com on a web browser.