In Nexved CRM, the tax is calculated based on the tax rate applied to each invoice item.
How It Works:
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Selecting Tax on Items:
When adding a new invoice, you will have the option to select a tax rate for each invoice item. If an item is not taxable, simply leave the tax field blank. -
Example:
Suppose you have 3 items on the invoice:-
Item 1: Tax rate 18%
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Item 2: Tax rate 18%
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Item 3: Tax rate 10%
In this case, the tax for Item 1 and Item 2 will be calculated at 18%, and the total tax for these items will be added to the bottom of the invoice. The tax for Item 3 with the 10% rate will be calculated separately and shown accordingly.
The total tax amount will be reflected at the bottom of the invoice for clarity.
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This method ensures that each item is taxed based on its specific tax rate, and the overall tax is calculated and displayed at the end of the invoice.