Book your sales taxes on Bkper so, you know at any moment your balance on taxes receivable or payable.

Tax on purchase (when you buy)

  • The purchase itself 
  • Reserving the Sales Tax

 see example

Tax on sales (when you sell)

  • The sale itself 
  • Reserving the Sales tax

 see example 

The examples use simplified cash basis for easy understanding. You can also set more complex tax flows involving accounts payable and receivable instead of the direct Bank.

Periodic Sales tax closing 

Closing the Sales Tax period: Balance Tax in with Tax out to calculate the due (or receivable) amount. 

Automate Sales Tax transactions with our Tax Bot.

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