The Discounts and Taxes section enables you to apply pricing adjustments and calculate accurate GST on your invoices, ensuring compliant and transparent billing. Applying discounts allows you to offer promotional pricing, early payment incentives, volume discounts, or negotiate special rates whilst maintaining proper documentation for accounting and tax purposes.
Exacc supports both percentage-based and fixed-amount discounts at the invoice level or individual line item level. The system automatically recalculates totals when discounts are applied, ensuring GST is calculated on the discounted amount rather than the original price. You can add descriptive labels to discounts so customers clearly understand the adjustments on their invoices.
Tax configuration includes multiple GST rates compliant with Australian tax regulations, including standard 10% GST, GST-free items for exports and certain foods, input-taxed classifications for financial services, and no-GST options for non-resident customers. The system maintains accurate GST records for Business Activity Statement reporting and automatically calculates tax liabilities based on your discount and pricing structures.
Want to learn the exact steps to apply discounts and configure taxes on your invoices? Follow our guide below for a detailed walkthrough of the discount and tax application process.
Apply discounts and configure GST settings for accurate, compliant invoice pricing
Your invoice now includes accurate discounts and tax calculations - the system has automatically adjusted totals, calculated GST on discounted amounts, and prepared compliant documentation for customer billing and tax reporting.