Change the format of the Tax field showing at the footer of transaction form

The format of the Tax field printed at the footer of a transaction form (i.e. Sales Order or Invoice) can be customized via the Setup Taxes page.

1. Navigate to Setup > Accounting > Set Up Taxes
2. Change the format under Print/Email Tax Label Format

Note: The Default US Setting is {label} ({item} {rate})
 
The field label name can be changed by customizing the transaction form (Printing Fields > Footer).

Changing the format will only apply if Per-Line Taxes on Transactions is disabled under Setup > Accounting > Set Up Taxes.