Tally of Tax collected and paid on expenses section
It'd be great if you could incorporate a running total of the taxes paid on business expenses throughout the year. As a Canadian small business owner I have to collect tax from customers (13% HST), but also have to keep track of the HST I pay for business expenses, which I get to deduct (called Input Tax Credits) from the total of all tax collected before remitting it to the government. The option already exists to specify the taxes separate from the income entered, but doesn't have a total at the end of the year anywhere that I can find. The app also has a section already set up to include the tax portion included in the expenses that are input, so having a way of tallying both in a summary would make it easy to calculate how much I need to remit to the federal government and be a very useful feature to this app.
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Yes we already have this function:) Please go to "Receipts" screen and tap on "Export" button at the top & right corner to export receipt report in CSV/Google Sheet, there will be a summary section at the bottom to show how much income/expense you have for that given period, alongside with the income tax collected and expense taxes paid...You could even find the income/expense subtotal for each category:)
Cheers,
John Zhou