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Each account has a default tax type applied depending on the account type and determines how the transactions in each account should be treated with

Each account has a default tax type applied depending on the account type and determines how the transactions in each account should be treated with respect to tax. If you add your own accounts to the Chart of Accounts, you choose the tax rate at the time. At any time you can change the tax rate by editing an account, or by selecting multiple accounts and using the Change Tax Rate button to apply a new tax rate to them all at once

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