To rename the sales tax acronyms follow the next steps:
1) Go to Setup -> System Values
2) Open the "Sales tax and Tax ID Description" tab
Here you will find:
- In the 1st row you will see the acronym TAX ID, the tax identification number. If your business tax ID is called different rename it.
Example: If your business is located in USA, you can change the Tax ID name to NIT.
- In the 2nd line you will see TAX 1 acronym as the default sales tax. If in your case it is called different rename it.
Example: If your business is located in USA, you can change the TAX 1 and rename it VAT (Value Added Tax.
- In the 3rd line you will see the acronym TAX 2, for a second sales tax if applicable in your country.
When done click on save. Once saved all your quotes and invoices will appear with the new acronyms. Additionally, if you want to assign a value to the tax, go to the tab that appear with the acronym you have assigned.
