GST inclusive invoice

ausgayanausgayan Member Posts: 2

HI, Is it possible to create GST inclusive invoices with Wave? Here in Australia, the final price of the invoice is always tax inclusive.

Comments

  • SamdSamd Administrator Posts: 560 admin

    Hey @ausgayan, our tax additions are controlled at the item level, rather than the full invoice. It would be possible to calculate the value of an item + GST as the item total in Sales > Products and Services, but you would then run into the issue of those taxes not showing on tax reports (as this workaround essentially eliminates that component of the price being marked as tax). This also is a more manual option that being able to set the total and then having tax calculated as percentage of the total. Great suggestion though, and great feedback in terms of how charges are usually invoice in Australia - I'm going to pass this onto our Product Team and hopefully it is something we will see implemented soon!

  • ausgayanausgayan Member Posts: 2
  • Craig_Reynolds1975Craig_Reynolds1975 Member Posts: 1

    Just to add my voice to this request, in New Zealand, this is also the way we invoice our end customers - unless we need to treat a particular item specially (for example financial services and some imports don't generally get taxed with GST) everything is GST inclusive.

    Typically every line item includes GST, and a line item is entered showing the total amount levied.

    It just confuses people when we don't include it like they expect.

    For business to business invoicing GST exclusive is the norm.

    Is there any progress on getting this on the roadmap?

  • JamieDJamieD Administrator Posts: 875 admin

    Hey @Craig_Reynolds1975. Still no timetable as to when a feature such as an inclusive tax will be available for our users, but once we have an idea as to what this will look like in Wave, or when this would be added to a future product roadmap, we will definitely let our user-base know.

  • lachrodgerslachrodgers Member Posts: 1

    +1 for inclusive tax. Everything else is mint tho

  • virgilwasherevirgilwashere Member Posts: 9

    @ausgayan said:
    HI, Is it possible to create GST inclusive invoices with Wave? Here in Australia, the final price of the invoice is always tax inclusive.

    Hi @ausgayan ,
    .
    I know this isn't what you're specifically asking, but this post did help me setup Wave for GST invoicing.... even though I'm officially GST Free right now :grin:
    .
    โžก๏ธ https://avers.com.au/Bookkeeping/Blog/Free-Invoicing-ABN-GST-Wave-Accounting-Setup/

  • virgilwasherevirgilwashere Member Posts: 9

    @JamieD said:
    Hey @Craig_Reynolds1975. Still no timetable as to when a feature such as an inclusive tax will be available for our users, but once we have an idea as to what this will look like in Wave, or when this would be added to a future product roadmap, we will definitely let our user-base know.

    @JamieD ,

    • Can you tell us where it fits on the ๐Ÿ“‹ priority list?

    • :star: :star: :star: :star: :star: :star: :star:

    • Adding this feature :star: enables simplified GST Tax Invoicing for all :star: of ๐ŸŒŠWave's ๐Ÿ‡ฆ๐Ÿ‡บ and ๐Ÿ‡ณ๐Ÿ‡ฟ potential customer base.

    • Does that raise ๐Ÿ“ˆ it's importance ๐Ÿ’ญ ?

    ๐Ÿ–ฑ๏ธClick on the :heart: awesome button โฌ if this sounds like a great idea to you too :+1:

  • alexlewiszarkosalexlewiszarkos Administrator Posts: 378 admin

    Hi @virgilwashere . It's totally up to our Product team to determine whether or not this fits into the roadmap and because we don't currently have a timeline on it I wouldn't be able to tell you where it fits on the priority list.

    Every piece of information that we have as to why a feature should be added to the system raises the importance of the feature's implementation. We constantly ask for workflows and use cases from our business owners in the Community because the team is often in the threads looking at how this would both benefit and make Wave a better place for our users. With this being said, the more context we have on a feature request, the more its importance is raised.

  • virgilwasherevirgilwashere Member Posts: 9

    @alexlewiszarkos said:

    ...
    With this being said, the more context we have on a feature request, the more its importance is raised.

    Hi @alexlewiszarkos , I've read @Charlotte 's offical posting since I wrote that yesterday.

    I have a much better understanding of how and why you prioritise features etc.

    I would also offer you and your fellow ๐Ÿฅ‡Customer Support Heroes the following suggestion:

    • use a profile signature
    • include a link to @Charlotte 's post, or something similar in your signatures.
    • continue sharing the ๐ŸŒŠWave :heart:

    And just looking at my own, I shall tone it down a bit. Sometimes ๐ŸŒ™ 4 am decisions don't always turn out. :smiley: But I still enjoy creating content in Markdown.

    PS :astonished: why did it render that heart so large??? :open_mouth:

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