Tax tracking for expenses

Learn how you can set up tax tracking and apply a tax rate to each expense.

Abhinav kumar singh avatar
Written by Abhinav kumar singh
Updated over a week ago

Setting up tax tracking

By default, tax tracking feature is disabled when you first set up your company account. If your business needs to track taxes for expenses, you can do so by following these steps.

  • Click Sign in on the WegoPro homepage and select your company (You can directly sign in using your company's WegoPro URL as well).

  • Go to Company settings and select Tax.

  • Enable the Tax switch

Once enabled, you can create taxes based on your country’s tax policies.

  • Click on Create new

  • Add a Tax name and Value (percentage)

  • Click Save

Once saved, you can set it as default to automatically apply to all new expenses in your reporting currency.

Applying tax to expenses

  • Once tax tracking is enabled, the default tax rate will automatically apply to all the expenses in your reporting currency.

  • When creating a new expense, the tax amount will automatically be calculated once you add your total receipt amount.

  • If the tax amount on your receipt is different from the calculated amount, you can enter the correct amount manually.

Did this answer your question?