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How do I manage an account that has taxable and non-taxable transactions?
How do I manage an account that has taxable and non-taxable transactions?
Sandra McCarthy avatar
Written by Sandra McCarthy
Updated over 3 months ago

To manage an account that has a mix of taxable and non-taxable transactions, add an unlinked account in Calxa to split the budget. This is useful for income accounts where you might have a mix of taxable and tax-free products or services.

  • Navigate to: Settings > Chart of Accounts > Add new account

  • If the tax code on your main account is taxable (eg GST or VAT), set the new one as tax-free or exempt

  • Split your budget between the original line (taxable) and the new line (tax free)

  • The cashflow forecast will then only calculate GST/VAT on the main account budget

  • You could use an Account Tree header set as summary only to combine the two account lines for your reporting.

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