Tax Summary report

Tax Summary adds up the tax you charged clients and the tax you paid on expenses, grouped by tax label or rate. Use it to prepare for a tax return with your accountant.

Open the reportCopy Anchor Link

1. Open Reports and select Tax Summary under Finance.
2. Set From and To, and choose one Currency.

You're done when you see one row per tax label with the tax on invoices and on expenses.

What it showsCopy Anchor Link

• Invoice tax comes from invoices marked Paid, by their issue date.
• Expense tax comes from your expenses, by expense date, whatever their status.
• Deleted invoices and expenses are left out.

Good to knowCopy Anchor Link

• Choose one currency. The report doesn't convert between currencies.
• If an amount looks wrong, check the invoice's status and issue date, or the expense's tax and date.
• Use it to review recorded tax. Confirm the final figures with your accountant.

RelatedCopy Anchor Link

• Taxes and invoice automation
• Reports