Automatically Calculate Canadian Tax for Employee Expense Reimbursement

Canadian tax can make automating employee expense reimbursements complicated, but it does not have to be! Our application allows your organization to configure how GST, PST, QST and/or HST tax will be calculated to ensure you take full advantage of the available Canadian tax credits. The flexible nature of our SharePoint Expense Management application allows for the automatic calculation of the applicable taxes based on a total expense amount being entered. If a variation to the default percentage needs to be taken into account,  you may configure the application to allow the user or reviewers to edit the tax amount.

Canadian tax can make automating employee expense reimbursements complicated. But it does not have to be complicated as our application allows your organization to configure how GST, PST, QST and/or HST tax will be calculated to ensure you take full advantage of the available Canadian tax credits. The flexible nature of our SharePoint Expense Management application allows for the automatic calculation of the applicable taxes based on a total expense amount being entered or you may configure the application to allow the user or reviewers to edit the tax amount in the event there is a variation that needs to be taken into account.

In addition to the tax data collection during the creation of the expense report, tax amounts will also be recorded to specific GL accounts. Therefore upon approval of the expense report the tax entries are recorded to the proper GL accounts as well as the employee being reimbursed.

Watch this short 3 minute video to see how easily an employee can create an employee expense report notating the various Canadian taxes along with the integration to Dynamics GP and NAV.

By Mike Marcin, DynamicPoint – SharePoint Purchase, Invoice, Expense & Portal applications built exclusively for Dynamics GP & NAV.