Master Tax Schedule is Not Set Up
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Example: Tax schedule that has details totalling 10% tax:
| Equipment | $100.00 |
| Materials | $200.00 |
| Labor | $300.00 |
| Subcontractor | $100.00 |
| Other | $400.00 |
| Subtotal | $1100.00 |
| Tax | $110.00 |
| Total | $1210.00 |
Master Tax Schedule is Set Up
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- Master Tax Schedule ID = TAX SCHEDULE
- Schedule 1 = 10%
- Schedule 2 = 1%
| COST CATEGORIES | TAX SCHEDULE ID | Tax |
|---|---|---|
| Equipment | Schedule 1 | 10% |
| Material | Schedule 1 | 10% |
| Labor | Schedule 2 | 1% |
| Subcontractor | Schedule 1 | 10% |
| Other | Schedule 1 | 10% |
Billing Amounts
| Equipment | $100.00 |
| Materials | $200.00 |
| Labor | $300.00 |
| Subcontractor | $100.00 |
| Other | $400.00 |
| Subtotal | $1100.00 |
Cost Categories for Schedule 1 (10% tax)
| Equipment | $100.00 |
| Materials | $200.00 |
| Subcontractor | $100.00 |
| Other | $400.00 |
| Subtotal | $800.00 |
| Tax (10%) | $80.00 |
Cost Categories for Schedul 2 (1% tax)
| Labor | $300.00 |
| Subtotal | $300.00 |
| Tax (1%) | $3.00 |
| Total Tax | $83.00 |
| Invoice Total | $1183.00 |
Example
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Master Tax Schedule ID = TAX SCHEDULE
Schedule 1 = 10%
Schedule 2 = 1%