Working with discounts and taxes

Properly applying taxes and discounts is essential for accurate estimates. Here’s how to manage these elements in VoltPro.

Adding Taxes to Estimates

1. When creating or editing an estimate, locate the tax section on the right side of the totals area.
2. Click the tax dropdown menu to see available tax rates.
3. Select the appropriate tax from the dropdown (e.g., GST, Sales Tax, VAT).
4. Click the “Apply” button to add the selected tax to your estimate.
5. The system automatically calculates the tax amount based on the subtotal.
6. You can add multiple taxes if needed (for regions with multiple tax types).

Creating Custom Tax Rates

If you don’t see the tax rate you need:

1. Click the ”+” icon next to the tax dropdown.
2. In the “Create Tax” drawer that appears:

• Enter a display name for the tax (e.g., “County Tax”)
• Enter the percentage rate (e.g., “5.5”)

3. Click “Create” to add this tax to your organization’s tax options.
4. The new tax will now appear in the dropdown for selection.

Removing Applied Taxes

1. To remove a tax from an estimate, locate the tax in the totals summary.
2. Click the “X” icon next to the tax you want to remove.
3. The system will recalculate the estimate total without this tax.

Applying Discounts

1. In the estimate form, find the discount field near the tax section.
2. Enter the discount percentage you want to apply (e.g., “10”).
3. Click the “Apply” button.
4. The system will calculate the discount amount based on the subtotal.
5. The discount is applied before taxes are calculated.

Removing Discounts

1. To remove a discount, locate the discount line in the totals summary.
2. Click the “X” icon next to the discount percentage.
3. The system will recalculate the estimate total without the discount.

Understanding Tax Calculations

1. Taxes are always calculated after discounts are applied.
2. The tax calculation formula is: Tax Amount = (Subtotal - Discount) × Tax Rate%.
3. For multiple taxes, each tax is calculated separately based on the discounted subtotal.
4. The final estimate total includes the discounted subtotal plus all tax amounts.