Loading Profile...
Multiple taxes on an invoice total (GST and PST)
For our invoices, I need to apply GST, followed by PST on the total invoice amount. How do I do this?
1
person has this question
I have this question, too!
Tell me when someone answers.
The more people who ask this question, the more it gets noticed.
The more people who ask this question, the more it gets noticed.
The company marked this question as answered.
The best answers from the company
-
claude there is a solution change your % to reflect a compounded tax solution.
a) create two sales taxes, one is 5%
b) the second is 7.875%
apply both and it comes out dead on every time 7.875 is an effective 7.5 on the prior net
I’m thankful
The company says
this answers the question
-
Hi Louise, first you'll need to be on the "more accounting package". To change app packages it's under "Settings > Edit Business Settings". Once you've done that, you'll scroll down a bit more on the page and see a place to enter in multiple sales taxes.
I’m thankful
The company says
this answers the question
Create a customer community for your own organization
Plans starting at $19/month
-
Inappropriate?Hi Louise, first you'll need to be on the "more accounting package". To change app packages it's under "Settings > Edit Business Settings". Once you've done that, you'll scroll down a bit more on the page and see a place to enter in multiple sales taxes.
I’m thankful
The company says
this answers the question
4 Comments Add a comment
This answers the question
-
The taxes don't compute correctly.
In Canada, we need to be able to do compound taxes:
100$ + GST + PST = (100)x(1.05)x(1.075) = 112.88 (not 112.50) -
Are your taxes compounded?
-
Yes, they are compounded.
-
claude there is a solution change your % to reflect a compounded tax solution.
a) create two sales taxes, one is 5%
b) the second is 7.875%
apply both and it comes out dead on every time 7.875 is an effective 7.5 on the prior net -
Inappropriate?claude there is a solution change your % to reflect a compounded tax solution.
a) create two sales taxes, one is 5%
b) the second is 7.875%
apply both and it comes out dead on every time 7.875 is an effective 7.5 on the prior net
I’m thankful
The company says
this answers the question
-
Inappropriate?Thanks. This works great.
GST 5%: coded as 5.00%
PST 7.5%: coded as 7.875%
(However, once saved, the field show 7.88 but compute the taxes correctly as 7.875 in invoices).
I’m happy
EMPLOYEE
