Discount Computation
Payments Manager+ computes for Discount from the Gross Total amount of the Invoice.
In our example below, Gross Total is 500 and the Discount amount/rate is 10.29.
FOR DISCOUNT AMOUNT:
Gross Total - Discount
500 - 10.29 = 489.71
FOR DISCOUNT RATE:
Gross Total - (Gross Total * Discount in decimal form)
500 - (500 * .1029) = 448.55
Discounts are computed after Upcharge and Tax.
e.g. Gross Total = $500
Discount = 10.29%
Upcharge = $32.57
Tax = 6.25%
Taxable Total = $225
COMPUTATION IS AS FOLLOWS:
Gross Total * Discount: 500 * .1029 = 51.45
Gross Total + Upcharge: 500 + 32.57 = 532.57
Taxable Total * Tax: 225 * .0625 = 14.063
Upcharge Total + Tax Total: 532.57 + 14.063 = 546.63
After Upcharge and Tax Total - Discount: 546.63 - 51.45 = 495.18
CUSTOMER’S TOTAL AMOUNT DUE IS: $495.18
Upcharge Computation
Payments Manager+ computes for Upcharge from the Gross Total amount of the Invoice.
In our example below, Gross Total is 500 and the Upcharge amount/rate is 32.57.
FOR UPCHARGE AMOUNT:
Gross Total - Upcharge
500 + 32.57 = 532.57
FOR UPCHARGE RATE:
Gross Total * Upcharge in decimal form = Upcharge amount
500 * .3257 = 162.85
Gross Total + Upcharge amount
500 + 162.85 = 662.85
OR
Gross Total * 1.[Upcharge in decimal form]
500 * 1.3257 = 662.85
Tax Computation
Payments Manager+ computes for Tax from the Taxable Amount amount of the Invoice.
In our example below, Taxable Total is 500 and the Tax amount/rate is 6.25.
FOR TAX AMOUNT:
Taxable Total + Tax
500 + 6.25 = 506.25
FOR TAX RATE:
Taxable Total * Tax in decimal form = Tax amount
500 * .0625 = 31.25
Taxable Total + Tax amount
500 + 31.25 = 531.25
OR
Taxable Total * 1.[Tax in decimal form]
500 * 1.0625 = 531.25
You can choose any item to be tax exempted by ticking the box under Invoice Items section.