How to Generate a Tax Report
Among the many reports you can run with the advanced reporting suite is the tax report.
This features a pie chart showing all the tax rates that you have set up in the back office. In our hypothetical ‘Year to date’ below you can see VAT at 20%, a tax rate of 10%, the old VAT rate of 17.5% and a zero tax rate.
As with all the reports the data is reproduced in a table below the chart and can be exported to a .CSV file by pressing the ‘Export Data’ button.
The table shows the rate of tax for each tax band, the total revenue generated at each tax band, the amount of tax paid, the total cost of inventory and the net revenue. Also the gross margin and the profit margin as a percentage.