Setting pricing in Pro Tax

You can set pricing in Pro Tax based on the type of returns and services you offer your clients.

Getting started

1. Select Product and services from the Sales option in left-side navigation pane.
2. Select New.
3. Select Service.

The Product/Service information page displays.

Completing required fields

The Product/Service information page provides the opportunity to set pricing:

1. Name your service in the Name field (for example, T1 Tax return). This is a mandatory field.
2. Enter a SKU in the SKU field, if applicable. This is an optional field.
3. Under Description, select I sell this product /service to my customers. You may add a description if applicable.
4. Enter the price and rate in the Sales price/rate (CAD) field. Note that Pro Tax does not calculate by the hour: instead, the amount entered here is a fixed rate.
5. Select into which account you want the payment to be deposited under the Income account drop-down menu.
6. Select your sales tax type under the Sales tax drop-down menu.
7. Select the Save and close button.

Note: If you offer multiple services, you will have to create different options for each under Product/Service information. For example, if there is an additional charge for T1 returns that have foreign income, you may choose to create a second pricing that you can add to the base service.

Applying the pricing to the return

1. Select EFILE -> T1 General from the left-side navigation pane.
2. Select Invoice client from the top menu bar:

3. Select the service you created under the PRODUCT/SERVICE column. The fields automatically populate:

4. Select an additional service from the drop-down menu, or use the green “+” sign to add additional services to your tax return:

Pro Tax automatically calculates the additional services and taxes.