A tax summary report is a summary of all taxes that you have incurred on your expenses and received on invoices in your organization. You will be able to view the total value of taxes paid/collected during a period of time.
To view your Tax Summary Report:
The Tax Summary Report will contain the following columns:
| Title | Description |
|---|---|
| Tax Name | The tax applied to a particular transaction |
| Tax Percentage | The percentage at which the particular item/service is charged. |
| Taxable Amount | The amount on which tax was levied on. |
| Tax Amount | The amount of Tax that was actually charged. |
Insight: Apart from the default columns, you can customize and add more columns to your Tax Summary report (For example the column for Sales Tax Amount column). Read more about customization of tax summary table.
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Available in all mobile platforms
Books
Online accounting software
for small businesses.
