Hubdoc - Extract tax amount from the invoice
Extract tax amount from the invoice. This is required for compliance with VAT amount recorded in accounts must match what is on the invoice
Extracted Amount requires a manual entry of VAT amount. This is misleading as "extracted" suggests the amount has been extracted from the invoice.
20% on expenses option calculates from the NET AMOUNT or backwards from the GROSS AMOUNT, this is incorrect as the may not match VAT amount on invoice specifically where there are non or zero vat amounts
8
votes
Dipak Shah
shared this idea
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Tasman Simkins
commented
Hubdoc should have the ability to extract the VAT amount from the invoice and apply it correctly. The Idea of Hubdoc is to reduce the manual entry of Bills but at the minute you are still required to manually entered the VAT.