Calculate tax on receipts as well as sales

Calculate tax on receipts as well as sales


Hi Zoho!

Just started using the service and have 5 invoices outstanding now. Very easy to use and I like the reports.

However, one thing I noticed on the reports is that period sales tax amounts are calculated using the date on which the invoice is raised.

This is a problem for me, since the sales tax I must return to the Government is based on date of receipt, not date of invoice. I do this on a quarterly basis, which means I sum all of my receipts for the quarter and then return any sales tax I have received to the finance office.

The difference is as follows (German sales tax is 19%):

Scenario 1 (current ZoHo report): I bill 5,950 EUR in Q2/2009, including VAT. ZoHo reports my sales tax total as EUR 950 for this quarter ( before any receipts have come in).

Scenario 2 (what I need): I bill 5,950 EUR in Q2/2009, including VAT. However, I actually receive only EUR 4,165 in Q2 (i.e. the other invoice due dates are in Q3). ZoHo should therefore show my quarterly sales tax as EUR 665 ( after  the receipts have come in).

Would it be possible to add this as an option (calculate tax on sales receipts, not sales invoices) -- or to offer another tax report?

Sincerely,


Ed Bradburn



      • Sticky Posts

      • Zoho Invoice Will Soon Discontinue Support for Older Browser Versions

        Hello users, Starting from May 15, 2024, Zoho Invoice will no longer support the following browser versions: Browsers Version Restrictions Firefox Browser Versions older than 100 Google Chrome Versions older than 100 Microsoft Edge Versions older than

      • Bulk Printing now available in Zoho Invoice

        Hello, We are happy to announce the much requested and much awaited feature in Zoho Invoice - Bulk Printing of Estimates and Invoices. All you need to do is, select the invoices you wish to print and then click the 'Print' button. All the invoices will be downloaded as a single PDF file which can be printed as you wish. You can print upto 25 invoices at a single go. Go ahead and give it a shot and let us know how it worked for you. Regards, Reshma   

      • Introducing the iPhone App for Zoho Invoice

        Now you can invoice on the go from your iPhone through the Zoho Invoice iPhone app. Our iPhone app is available at the apps store for download. The app is special in more ways than one: An impeccable UI takes your invoicing experience to a whole new level That's a first native app we've come up with It's available for FREE!!!!! Yeah, absolutely Free. No brainer there, we just wanted to make our users to enjoy the app no strings attachedHere some snapshots of the app: For the real experience, head