Setting Up Taxes and Fees

Product level taxes

You may set a product level tax for each line item appearing on your invoice or quote. You can set taxes here if you’re using your CRM’s products, or here if you’re not. Product level taxes are the most specific, and will overwrite all other taxes.

Account level taxes

If you will always charge the same amount of tax on all quotes and invoices, you can set an account-level tax. You may do this here.  New invoices or quotes will automatically be applied this tax.

Custom taxes

Note: This feature is currently only available for Pipedrive and Hubspot. This example article features Pipedrive.

Creating custom taxes and fees is a simple way to apply a tax to only specific deals. If you have varying VAT or State Taxes for example - you can create the appropriate tax and amounts in Paycove then apply them to to the appropriate deals in your CRM.

For this example - I created a custom tax in Paycove called "VAT" with a 20% fee:

Any taxes created here are available as a custom field value in the Tax Settings on your CRM deal. 

If a user types "VAT" into the Tax Settings field and you should see the value that was created called "VAT":

If you have multiple taxes/fees created they will all be available via the Tax Settings here:

If you select a value and save:

then the saved taxes will display on your invoice or quote after you re-sync it with your CRM:

Let us know if you have any questions! Get started by clicking the link below:


Tip: 
Depending on your CRM, you can create a workflow to automate when taxes are applied. (i.e. If a deal's organization address is in France, then update Tax Settings field to include custom "VAT" tax value.)

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