Accounting Features

US Sales Tax (Tutorial)

This page shows how Sales Tax is set up and handled in invoiceit!Pro and applies to users in the United States of America only.
We have used the example of a company from Philadelphia, PA, selling a couple of products to a client in the same town.

How it works:

The tax is applied automatically based on a few simple settings.

When you add a charge item to an invoice or quotation, the program checks the following:
a) is customer taxable
b) is product/service taxable

If both are true, the tax is calculated at the rate shown on the inventory or charges pages.

When customer pays their bill, the tax charged is automatically extracted and split to their respective accounting ledgers.

Finally, you get reports that tell you and the tax department exactly how much tax you collected. It can be based on invoices or based on receipts.

Click any image at left to enlarge.
Use arrow keys to scroll through images on this page.
Click again for thumbnail.