Within the Document Preferences, users can configure various settings to personalize their documents. These settings include Date Format, Currency, Tax Rate, Alert options, and other customizable preferences.

The Tax Rate % specified in the Document Preferences serves as the default value that will be applied throughout the document. However, users have the flexibility to override this default value within the document itself if necessary. This allows for greater control and adaptability when dealing with specific tax rates or exceptions on a case-by-case basis.