Tax Report (Accrual)

The Tax Report (Accrual Basis) provides an overview of tax-related financial data based on the accrual accounting method, where revenues and expenses are recorded when incurred, not when cash is exchanged. This report allows users to track billed amounts, taxable revenue, and taxes collected for specific reporting periods. With features like category-specific taxable revenue, snapshot saving, and export options, the report simplifies tax management and ensures accurate financial reporting.

Prerequisites: Authorised Users.

Instructions

1. From the main Dashboard, click the Reporting tab.
   
   
   
   
   
   
2. Click Tax (Accrual) from the dropdown menu to enter the Tax Report (Accrual Basis) page.
   
   
   
   
   
   
3. Here you can review the Tax Accruel records in the table. Key columns include:
   
   Date: Displays the reporting period (month and year) for each row.
   
   Billed: Shows the amount invoiced during the reporting month.
   
   Taxable: Indicates the portion of the billed amount that is subject to taxes.
   
   Category-Specific Taxable Revenue: This column (e.g., "Landscape Soil, Mulch, Compost - Residential") displays revenue data specific to the named category. If multiple taxable service categories exist, they will appear as separate columns.
   
   Taxes Total: Reflects the total taxes charged during the reporting period.
   
   Amt Paid: Shows the total payments collected from customers during the reporting period.
   
   Amt Due: Displays the remaining balance owed by customers for the reporting period.
   
   
   Additional Features:
   
   View Snapshots Button: Allows users to access previously saved snapshots of tax reports for historical comparisons or record-keeping.
   
   Save Snapshot Button: Click this to save a snapshot of the current tax report for future reference.
   
   
   
   
4. To locate specific data, use the Search field in the top-right corner. Enter keywords such as months, categories, amounts, or other relevant terms to quickly filter the results.
   
   
   
   
5. Adjust the Reporting Period by selecting a start and end date in the date fields at the top of the page. Alternatively, use the Today, This Month, Year to Date, or All Time buttons to filter the records quickly.
   
   
   
   
6. You can Copy, Print, and export to PDF, Excel and CSV by clicking on the blue buttons at the bottom of the page.