Setting up your accounting defaults
Currency, tax, deposit and target defaults for new offers and invoices.
Settings → Accounting holds the defaults every new offer and invoice starts from.
These are defaults for new documents. Changing them later never rewrites an offer or invoice you already created.
Financial defaults
Setting | What it does |
|---|---|
Default Currency | Preselected on new invoices, offers, and projects, and the currency your dashboard totals are converted into. Billow supports 136 of them. |
Default VAT Percentage (%) | Pre-fills the tax rate on new documents. Leave it empty if you don’t charge tax. |
Default Deposit Percentage | Sets how much of a project you bill up front and drives Billow’s automatic invoice drafting. Choose 0%, 25%, 33%, 50%, or 100%. New workspaces start at 50%. |
Hide taxes in offers | Shows offers with only a subtotal, no tax line. Invoices always include tax regardless. |
Deposits and automatic invoices covers what each deposit percentage produces.
Advanced tax mode
Advanced tax mode adds an editable tax label plus an optional second tax line, for places like Quebec that charge two taxes on the same document. Both can be overridden on any individual invoice or offer.
Taxes on your documents covers the full setup.
Business targets
Both fields are optional and feed your dashboard.
Setting | What it does |
|---|---|
Yearly Revenue Target | Powers the “yearly revenue target” card. |
Monthly Costs | Powers the “break-even” line and “costs covered” stats. |
Nothing else depends on them.
Settings that live elsewhere
Your legal name, address, country, and tax registration numbers live on Settings → General. Your legal name is also the sender name on every email a client receives from Billow, offer and invoice notifications included.
Bank details sit in their own card further down the Accounting page. See Bank accounts.
