Automatic GST Calculation

The tax inclusion/exclusion options are used to specify if the values that you have entered in your quote or invoice include the GST tax amounts or not. With both options, Tradiecore will automatically calculate the applicable GST amounts and update the quote or invoice.

• Tax Inclusive - Indicates that the invoice amount that you are entering includes the GST tax amount. When you select this option, Tradiecore will not add the tax amount to the subtotal. Instead the GST row will calculate the tax amount based on the value you entered and only display it.
• Tax Exclusive - Indicates that the invoice values that you are entering do not include the GST tax amounts. In this case, Tradiecore will calculate the tax amount for each of the items that you enter and add the tax amount to the final total of the invoice.
  

By default Tradiecore applies the Tax Exclusive option to all invoices.

Select this option, if the amount that you are entering in the quote or invoice already contains the GST amount. All you are required to do is enter the total amount, Tradiecore will then calculate the appropriate GST amount and display it.

For example:
You select the Tax Inclusive option.
Then enter the value of the item - $50

Based on the total amount you entered, Tradiecore shows the following:
Item Price - $50.00
GST - $4.55.00
Total - $50.00

Select this option, if GST is required to be added to the quote or invoice. Tradiecore will automatically calculate the GST amount applicable to all the items and add it to the subtotal.

For example:
You select the Tax Exclusive option.
Then enter the value of the item - $50

Based on the total amount you entered, Tradiecore shows the following:
Item Price - $50.00
GST - $5.00
Total - $55.00