How to add taxes to your proposal (Canadian Accounts)

Knowify allows you to set tax rates on your draft proposal and automatically apply these to selected line items on your project. 

When your proposal is in draft mode, select which line items you would like taxes to be applied to by checking the 'Taxable' box beside each item and choosing the tax rate to be applied. Each line item can have a different tax rate added as needed. Be aware that any item not marked 'taxable' will not have taxes included with its price on the Contract summary or proposal, however when creating your invoice you can overwrite this and include or disable taxes as needed

Knowify will keep track of the taxes on the original contract, on change orders (pending and approved), and the overall value of the contract with and without taxes. 

 

When you invoice for this job, Knowify will default to using the tax rate and taxing the items that you had selected on the proposal. You are able to edit this as needed.

Note

Taxes on invoices will be calculated at the time of invoice creation. This can result in slight differences between the contract summary and final invoices due to changing variables