A tax summary report is a summary of all taxes that you have incurred on your expenses and received on invoices in your organization. You will be able to view the total value of taxes paid/collected during a period of time.
To view your Tax Summary Report:
The Tax Summary Report will contain the following columns:
|Tax Name||The tax applied to a particular transaction|
|Tax Percentage||The percentage at which the particular item/service is charged.|
|Taxable Amount||The amount on which tax was levied on.|
|Tax Amount||The amount of Tax that was actually charged.|
Online accounting software
for small businesses.