Government Tax for Freelancers, off payment total

blindcripple

Hi there,

I work as a freelancer, and in South Africa, places of work pay tax to the government directly on my invoices. This is 20%.

So, for example, if I invoice Company A for $1,000, they will pay $800 to me and pay $200 to the tax authority here.

How is the best way to setup my invoices to account for this for income tracking - I invoice for $1,000 but only get $800 in.

Any help would be greatly appreciated.

Myron

Hi @blindcripple , sales taxes can be set up in Wave by going to Settings > Sales Taxes. Once set up under Settings, the Sales Tax can be added onto Bills, Invoices and Transactions. When added onto an Invoice, the Sales Tax will look like this:

I recommend reading this handy article on creating Sales Taxes in Wave: https://support.waveapps.com/hc/en-us/articles/208621776-How-to-add-a-sales-tax