Do I need to include tax when I enter my expenses? How are taxes calculated?
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No, you don’t typically need to manually enter taxes while entering expenses. Typically, you simply record the total cost for the item, including tax, in the Amount field.
Depending on how expenses were set up, the system may automatically calculate and include tax if you enter the net (pre-tax) amount. And, if you enter the total including tax, it may show the net amount and tax amount.
You may also be allowed to override the predefined tax rates for an expense type.
If tax or net amount columns do not display on your expense sheet, you can enable them by clicking the Settings button. Alternatively, you can access the tax values by clicking the Detail button on each expense row. The Net Amount field appears only when you enter amounts for expense types with applicable taxes.