Setting a default tax simplifies your invoicing by automatically applying the correct tax when needed, so you don’t have to do it manually every time.
This change won’t affect existing invoices. Updates to the default tax rate will only apply to new invoices. Any invoices already created will stay the same unless you choose to edit them.
This article explains how to set up a default tax in a few steps:
1 - Sign in to your Melio account.
2 - Select Settings on the left sidebar.
3 - In the Get Paid section, select Invoice items.
4 - In the Invoice items, select the Tax tab.
Here, you will see a list of the taxes. The default tax will appear at the top of the list and have a Default mark next to its name.
5 - Find the tax you want to set as the default and select the three-dot icon on the right. Then, select Edit in the pop-up menu.
Tip: If the desired tax is not in your list, you can add a new tax by selecting Add tax.
6 - The Edit tax pop-up window will appear. To set the tax as the default, check the Set as default checkbox.
If you selected the Add tax button in the previous step, you need to fill in all tax details before checking the Set as default checkbox.
7 - Select the Save button at the bottom right to complete the process.
That’s it. You successfully set your default tax. Your new default tax will be applied if you need to use a tax for your future invoices.