Master Tax Schedule is Not Set Up
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If you do have a master tax schedule, the billing amounts for the cost categories (Equipment, Materials, Labor, Subcontractor, and Other) that use the same schedule are totalled and taxed, then the taxes are added together for the tax total on the invoice.
Example: Master Tax Schedule with two Schedules set up
- 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 Schedule 2 (1% tax)
| Labor | $300.00 |
| Subtotal | $300.00 |
| Tax (1%) | $3.00 |
Total Tax and Invoice Total
| Total Tax | $83.00 |
| Invoice Total | $1183.00 |
