Claimable Sales Tax

How tax types can impact project margin calculations

Setting up tax types properly impacts how the cost value of expenses are treated when calculating margin.

In many countries, organisations are able to claim sales tax back as part of the financial reporting. Each tax type that is set up in Projectworks can be specified as being claimable. With this option checked, the cost of the expense will be treated as the before tax amount in the calculation of the project margin.

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