Certify offers the ability to calculate and report amounts for various ‘Value Added Tax’ in countries where these taxes are used. Examples include the VAT taxes used in Europe and the various PST/QST/HST taxes applied in Canada. This article will show you how to create an expense line using special taxes.
Step 1: See Configuring Special Taxes to activate and enter applicable tax rates in your My Account tab.
Step 2: While entering your expense details, enter the Amount. Automatically, Certify will calculate the applicable tax rates based on the percentages entered in your My Account tab.
Step 4: Save the expense. When saved, the expense report will expand with new columns to detail the tax rates.