Tax Rate - Admin
Thread can automatically apply Tax to bills generated on the application. Ensure that Tax is at the correct value and added to each bill by configuring it in admin settings.
Adding a Tax Rate
Easily add a Tax rate for your firm and set it as the default value (if your firm only applies one Tax rate to all bills).
1. Select the settings tab
on the bottom left of your menu.
2. Select Tax Rate.
3. To add a new Tax rate, click +Tax Rate in the top right corner.
4. A pop-up will appear. Enter the name for the Tax Rate, the percentage you want to apply to bills, and choose whether to set it as the default rate for all financial items issued through Thread.
5. Click Save.
You can have multiple Tax rates, but only one can be the default. You can change to a different Tax rate if needed on a specific matter item or bill. Related Articles
Tax Rate Not Appearing on Bills or Invoices
If Tax is not being applied to invoices and bills generated through Thread, ensure that you have a default Tax rate configured in Admin Settings. 1. Select the settings tab on the bottom left of your menu. 2. Select General, then Tax Rate. 3. To ...Matter Financial Page
The Financial tab on a matter is divided into: Overview, Time, Bill, Expenses, Payment, Requisition, Client account, and Settings. On the matter Financial tab, the Overview gives an overview of all financial activities related to the matter and is ...Default Billing Method – Admin
Setting up a default billing method allows you to charge a standard rate for all bills issued by your organisation through Thread. You can choose to set up the default billing method as: Rate per category – default rate per category, i.e., €300 for ...Bills Report
The Bills Report of all issued or unissued bills can be viewed based on the primary client or company on a matter, within a particular date range. You can then print this report directly from Thread if needed. Viewing and Exporting Bills Report 1. ...Expense Settings - Admin
Expense Categories Thread users can easily add expenses that they have borne for a client or a particular case. The Expense Category feature on Thread allows you to add distinct categories of expenses, meaning you can organise expenses based on their ...