How do I edit the an existing tax rate?

To edit an existing tax, please follow the steps below:

• Click on the Gear icon found on the top right hand side corner of the screen and click on Taxes from the drop-down.
• In the Edit Tax screen, edit the desired fields such as Tax Name, Rate and select if it is a compound tax.
• Click Save for the changes to take effect.

• If this tax has already been applied in some transactions, you will asked to confirm if you wish to update the new tax rate in those transactions as well.