Now you can manage projects that have taxes applied in Siteline.
Lump sum and unit price projects
To add tax rates to projects, you’ll first need to add them to your company settings, via the new Tax groups column. You’ll be able to add or edit tax groups at any time.
While creating a lump sum or unit price, you can choose if a single tax rate is applied to your project or multiple tax groups are applied to the same SOV. If you choose multiple tax rates, you’ll indicate what the default tax rate is. You’ll be able to edit the tax rates later at any time, or change how taxes are applied in the settings.
If a single tax group is applied to a project, that tax rate will be visible above the SOV.
If multiple taxes groups are applied to a project, there will be a new tax group column in the SOV.
Taxes are applied net of retention. When you bill for retention, you will have the opportunity to apply taxes to that payment. The after tax amount billed will appear in AR aging and in the cash forecast.
When billing for the month, the invoice will have an additional column where you can choose among seeing the total dollar amount after taxes are applied, the tax amount on that line item, or the tax rate percentage for that line item.
Quick bill projects
You can also apply taxes to Quick Bill projects in Siteline.
While creating a new quick bill project, you’ll be able to choose a tax group. If you need to apply multiple tax rates to the same invoice, or only some line items are subject to tax, you will be able to change from using a single tax group to multiple via the quick bill settings after you’ve created it.
Like with lump sum and unit price projects, you’ll be able to choose which tax rates are associated with which line item.
Reach out to [email protected] if your forms need to be changed to properly accommodate billings that include taxes.