The Bill export field "Line Subtotal" calculates the pre-tax amount. Previously, it included the tax amount when the item is marked as tax-inclusive.
Why?
Procurify’s research shows that our customers want to calculate the pre-tax amounts easily. This also aligns with accounting best practices.
What does each column represent?
You can now get the full breakdown of pre-tax, tax, and post-tax amounts easily. These are all column names in the Bill export, and the tax calculation they refer to:
|
Column Name |
Calculation |
|
Line Subtotal |
Pre-tax amount |
|
Tax Amount |
Tax amount |
|
Line Cost |
Post-tax amount |