Show Net (ex-VAT) and VAT totals in Invoice list views (Awaiting Payment & Drafts).
Show Net (ex-VAT) and VAT totals in Invoice list views (Awaiting Payment & Drafts).
For UK VAT-registered businesses, the current invoice list views (including Invoices Awaiting Payment and Draft invoices) only show gross totals including VAT. This makes it difficult to understand true cashflow, as the VAT portion is not money the business gets to keep and will be payable to HMRC.
It would be extremely useful to be able to either:
Display Net (ex-VAT) and VAT as separate columns in these invoice list views, or
Toggle between Gross and Net totals in the list view summary.
This would allow business owners to quickly see:
What cash is actually coming to the business
What portion is VAT liability
A more accurate picture of real cashflow without needing to run reports
Karen Thomas
shared this idea
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Jake Barton
commented
I want this as well please as the figures are meaningless unless you can divide by 120 and times by 100 in your head. To be able to select the columns that show in the list would be useful especially on drafts - eg the user, project, ex vat etc.
Likewise the sales overview screens all inc vat - you should be able to view ex vat here (or both) as well