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Managing taxes

Learn how to create and manage reusable tax configurations in Millenium Connect. Configure fixed or percentage-based taxes and apply them to your financial records.

Configure and manage your taxes

The Taxes section allows you to create reusable tax configurations that can be applied to your financial records.

Instead of manually entering the same tax information each time, you can create tax rules once and reuse them when creating expenses or other supported financial items.

Creating a tax

To create a new tax:

  1. Go to Financials → Expenses → Taxes.

  2. Click Add tax.

  3. Enter the tax details.

  4. Define how the tax should be calculated.

  5. Save your changes.

When creating a tax, you can configure:

  • Tax name: The name displayed in your financial records.

  • Calculation method: Fixed amount or percentage-based.

  • Amount: The value of the tax.

Tax calculation methods

You can configure taxes using two methods:

Fixed amount

Apply a specific amount each time the tax is used.

Example:

A tourism tax of €2 per guest per night.

Percentage

Apply a percentage based on the related amount.

Example:

A 10% tax applied to a service amount.

Managing taxes

From the Taxes section, you can:

  • View all configured taxes.

  • Edit existing tax configurations.

  • Delete unused taxes.

Keeping your tax configurations updated helps maintain accurate financial records and simplifies expense management across your properties.

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