Overview

StudioCloud supports two different methods whereby you can track sales tax or, if you are outside of the United States, other types of tax.

Tax Overview

In StudioCloud you can track the tax your business owes either by tracking it based off of the invoice total or by tracking it based off of the payments on an invoice. It is more common for smaller businesses to track their taxes based off of the payments on an invoice.

Accrual Tax Example

If an invoice was created in January but the client didn't pay anything on the invoice then the tax based off of the invoice total would be reported by StudioCloud's accrual based tax table for the month of January. This is because the accrual based tax table reports tax based on the invoice total which is the same regardless of whether or not the customer has paid anything on the invoice.

Cash Based Tax Example

If an invoice was created in January but the client didn't pay anything on the invoice in January then StudioCloud's cash based tax table would not report any tax related to that invoice for the month of January. If the client made one payment on the invoice in February and another payment on the invoice in March then the cash based tax table would show a tax for February and March based off of the payment amounts.

How to Access The Accrual Based Tax Table

Click here for a tutorial on how to access the accrual based tax table

How to Access The Cash Based Tax Table

Click here for a tutorial on how to access the cash based tax table