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

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