Track VAT, GST, HST Taxes & More!
Posted on 11. Aug, 2011 by Eric in News & Updates
Is your business able to recover taxes (eg. VAT) on expenses you incurred? Or do you need to track taxes in order to generate a client invoice? Our Tax module can help you!
Taxes can be tracked by individual expense, by expense report or by date range for all users throughout your company. Set up is easy – enter a name, percentage and a description for up to five taxes to be tracked. If you are the company administrator, any taxes created will be instantly added to every user account associated with the company. Now when an expense is created or imported from a credit card, users just need to associate what tax rate should be assigned to the expense. We even added the ability to select many expenses and assign a tax rate to them. For more details setting up taxes, please see here.
Once taxes are added to an individual or company account, each user will see a summary of the total amount of taxes on their expense report, including a detailed breakdown.
Individuals or company owners can run analytics to view the total amount of taxes incurred by date range.
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