Net Amount
 is the amount incurred before the tax amount is added to an individual expense. The gross net formula helps the application to calculate backwards from the gross(total expense amount) to the net amount for an individual expense.

So the Net Amount column will be required only if we would like to see the expense amount without the tax amount added to it. The column will be displayed only when you select an expense code which has tax code associated with it along with a formula.

To confirm if there is a tax code associated with the expense code, please follow the steps given below:

  • Log in as administrator
  • Click on the Expense Codes link to display the list of expense codes
  • Click on the name of the expense code to display the Edit Expense Code screen.
  • On this screen you can check if a tax code is selected.