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Manage Tax Rates

Set up tax rates in your Alcove account to apply them to a project and accurately calculate the final cost

Valeria Albino avatar
Written by Valeria Albino
Updated over a year ago

To add your tax rate, please follow the steps below:

  1. Go to your Profile picture in the top right and click on Settings.

  2. Navigate to the Tax Rates section.

  3. Click on the Add Tax Rate button.

  4. Type in your Tax Rate Name and its corresponding Percentage.

  5. Press Save.

Note:
The first added tax rate will be marked as Default Tax Rate. When future projects are created they will be assigned the Default Tax Rate.
After you add a new tax rate, you will see the Set Default button next to it. Click on it to set the new tax rate as default.

To delete a tax rate from your profile, simply press the Trash icon next to it. Confirm your intention to delete.

Note:

For the consistency and accuracy of your financial records, it is not possible to edit tax rates. Feel free to create a new tax rate and add it to the project instead of the previous one.

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