Tax Returns

InvoSync allows you to easily calculate your tax returns. Save time searching for currency exchange rates and simply select the time period for your returns and let InvoSync do the rest.

InvoSync tax returns works by pulling from your accepted invoices. At the top of the page, you can choose your start and end date for your returns. Once the dates are selected, click the "Retrieve Invoices" button. If there are invoices you don't want, they can be removed after the invoices are retrieved.

Two tables will appear featuring your sales and purchases invoices. You then have the option to select which currency you want to use. If there are multiple currencies in the table, you must select a currency in order to proceed. Once you are satisifed with the invoices, click "Calculate Tax Returns". InvoSync automatically searches for the appropriate exchange rate for each invoice and adds the tax and total at the bottom of the table.

InvoSync will then show you how much tax you collected and paid and calculate your returns. You then have the option to download a CSV of your returns.