Value Added Tax (VAT), or Goods and Services Tax (GST) is a consumption tax levied on any value that is added to a product. Please note, the VAT/GST calculation is added at the Invoice level and it can be displayed on the invoice optionally in the Totals options section of the Invoice Configuration. In the Grand Total section of the invoice, the percentage of fees dollar ($) amount is represented and added to the fees subtotal.
VAT/GST calculation are only applicable for new invoices.
Add VAT/GST Calculation to Invoice Configuration
AdvologixPM Setup Tab
- Choose Account Statement Configuration
- Select relevant Invoice Configuration template
- Scroll to Total Summary Options section (bottom)
- Select checkbox next to Show Value Added Tax?
- Select to Rename Value Added Tax and choose a name (optional)
- Click Save
Invoice Generated
Displays in Totals Summary section
After a New invoice is generated (using Print on already formed invoices, or Create invoice for a new invoice) shown in the totals Summary section.
Add VAT/GST Calculation to an Invoice
Select an invoice to modify.
Adjust Desired Invoice Amount
For example, the VST Tax Amount.
Click Print to regenerate the Invoice PDF