Master Tax Schedule
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Is Not Set Up
If you do not have a master tax schedule set up for the tax schedule used on an invoice, the billing amount is totalled and then taxed.
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| 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
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Is Set Up
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 Tax Schedules
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| COST CATEGORIES | TAX SCHEDULE ID | TaxTAX |
|---|---|---|
| Equipment | Schedule 1 | 10% |
| MaterialMaterials | Schedule 1 | 10% |
| Labor | Schedule 2 | 1% |
| Subcontractor | Schedule 1 | 10% |
| Other | Schedule 1 | 10% |
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