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Tax Inclusive and Tax Exclusive Invoices
Tax Inclusive and Tax Exclusive Invoices

Invoices and receipts can be re-calculated for tax inclusive or exclusive with line item extraction.

Brian Carolan avatar
Written by Brian Carolan
Updated over a week ago

When an invoice or receipt is extracted with Line Item Extraction (or if line items are added manually), you can select if the invoice is Tax Inclusive or Exclusive.

How does this work?

Once a tax rate is selected, AutoEntry will recalculate the Net/Vat/Total amounts to reflect this. You can then use the drop-down menu above the Line Items table to select if the invoice is inclusive or exclusive of tax, and the lines will be automatically recalculated to reflect this.

Example 1

This invoice has a total of 20.60. When Tax Exclusive is selected, the Total (gross) amount is not editable (AutoEntry will calculate this). When Tax Inclusive is selected, the Net amount is not editable.

Tax Exclusive:

Tax Inclusive:

Example 2

Once a tax code is selected (23% VAT in this example), AutoEntry automatically recalculates the relevant totals. The price per unit reflects the figure extracted from the invoice.

Tax Exclusive:

Tax Inclusive:

Related Articles

  • A guide on line item extraction can be found here.

  • If you need help adding a tax summary to your invoice, please refer to this guide.

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