Eleven supports taxes in most jurisdictions.
Eleven proposes automated VAT/GST and sales tax calculation software,
allowing you to easily track, review, and report taxes of any complexity.
Eleven’s universal tax engine supports multiple tax offices with their own rounding rules
and precision, and set the Tax currency independently of the functional currency.
Automate you tax calculation by defining tax points on invoices or payments, Eleven will calculate your tax rates based on a date, location, type of product, service,
or customer, and when applicable, taxable amounts
in FX will be automatically converted in Base.
Eleven also supports generating 0 value tax lines
and journal entry lines for nontaxable amounts.
This on-demand report will keep you up-to-date on your taxable and nontaxable sales and purchases, all broken down by tax agency. You can view at any time the details of the Tax Lines.
Once the Tax Report is verified, Eleven can reconcile and generate the tax settlement Journal entry, netting all the Tax accounts for the period. Adjustments to the tax payable or tax receivable amounts can be easily made if needed and will be tracked in the report.
With Eleven’s purchase and sales tax preparation software, you can create as many taxes
and tax combinations as you need.
Calculate rates, amounts, groups, withholding tax,
define the basis for the calculations as taxable,
tax on tax, percentages, and amounts with support
to up to 3 decimals for tax rates
and 0 in the percentage/amount value.
Streamline your routine accounting tasks for every client, without losing margins. Our scalable online accounting software will increase your team's capacity and make sure you provide the best customer experience.
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