Overview

  • Learn how to process invoices with a non-standard tax rate in Ocerra.
     

If you have to apply a different tax rate on the invoice and re-calculate existing Net and Tax values, Ocerra can do it for you with a click:

  • Open an invoice that needs a different Tax Rate.
  • Click on the icon next to the GST and select a required tax rate available from your list:
     

For example:


Ocerra will use the formula: GST = Total - Total / (1 + GST Rate) and will re-calculate Net and Tax values on the header level and line level.

 

Important: if you have more than one line on the invoice, this calculation will summarise it into one line.



This is how it will look after you click "Ok" - ignore the "Annotate" button and click "Save":

 



Important:

If you manually change the Net, Total or Tax values before applying a custom tax rate, the recalculated values will be based on your edited amounts. To avoid unintended totals, ensure the extracted values remain unchanged and apply the custom tax code directly.


Also confirm whether the invoice amounts are tax-inclusive or tax-exclusive - the calculation assumes the amounts are tax-exclusive when the custom rate is applied.


To learn more about how Tax Rates work in Ocerra, click here.