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Setting pricing in Pro Tax
by Intuit• Updated 9 months ago
You can set pricing in Pro Tax based on the type of returns and services you offer your clients.
Getting started
- Select Product and services from the Sales option in left-side navigation pane.
- Select New.
- Select Service.
The Product/Service information page displays.
Completing required fields
The Product/Service information page provides the opportunity to set pricing:
- Name your service in the Name field (for example, T1 Tax return). This is a mandatory field.
- Enter a SKU in the SKU field, if applicable. This is an optional field.
- Under Description, select I sell this product /service to my customers. You may add a description if applicable.
- 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.
- Select into which account you want the payment to be deposited under the Income account drop-down menu.
- Select your sales tax type under the Sales tax drop-down menu.
- 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
- Select EFILE -> T1 General from the left-side navigation pane.
- Select Invoice client from the top menu bar:
- Select the service you created under the PRODUCT/SERVICE column. The fields automatically populate:
- 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.
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