How is Tax/Vat/Gst handled in Float?

Jane Gilhooly avatar
Written by Jane Gilhooly
Updated over a week ago

Float is Tax inclusive, but doesn't currently calculate tax, due to the many different tax codes and the complexity involved.ย 

All invoices, bills and transactions are shown inclusive of tax, where applicable. At the moment, it's not possible to display the cash flow exclusive of tax.
For the time being, tax has to be calculated outside of Float and entered into the cash flow as a forecast. We recommend running a report from your accounting software to estimate the upcoming taxes. This can then be entered into Float as a budget. When the actual payment or refund flows through, it will fill up the budget.

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