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. |
Books
Online accounting software
for small businesses.