receipt Tax & VAT

Tax that adds up at the end of the period

Define your rates and groups once, apply them per line, and produce a tax summary that ties back to the ledger instead of a spreadsheet.

Per line
Tax rates
Groups
Compound tax
Period
Tax summary
receipt Overview

The return that never reconciles

Tax errors are usually structural, not arithmetic.

  • check_circleOne tax rate for the whole document when lines differ
  • check_circleInclusive and exclusive pricing mixed on the same invoice
  • check_circleCredit notes that never reverse the tax
  • check_circleA tax report that does not agree with the tax control account
Tax & VAT
percent

Rates and groups you control

Set up the rates your jurisdiction needs, group them where tax stacks, and pick the default per account or item.

  • check_circleUnlimited tax rates
  • check_circleTax groups for compound tax
  • check_circleDefault rate per item and account
  • check_circleZero-rated and exempt handling
calculate

Applied where it belongs

Tax is a line-level property, so a single document can mix rates and still total correctly.

  • check_circlePer-line tax on every document
  • check_circleInclusive or exclusive pricing
  • check_circleTax on purchases as well as sales
  • check_circleCorrect rounding to two decimals
summarize

A summary that ties out

The period tax summary is built from postings, so it agrees with the tax control accounts on the balance sheet.

  • check_circleOutput and input tax by rate
  • check_circleCash or accrual basis
  • check_circleCredit notes netted correctly
  • check_circleExport for filing
help_outline FAQ

Questions, answered

Can different lines have different tax rates?
Yes. Tax is applied per line, and the document totals each rate separately.
Do you support tax-inclusive pricing?
Yes, per document, with the tax extracted correctly for reporting.
Does the tax report match the ledger?
Yes. It is generated from postings against the tax control accounts.
Do you support e-invoicing?
Country-specific mandatory e-invoicing is supported where we have enabled it. Contact us about your jurisdiction.

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