In some circumstances you may need to include deductions on your invoice to match the payment or bank feed transaction amount received. TaxTank simplifies this process by offering a range of expense categories within invoices to manage these scenarios effectively.

For example, if you are an Uber Driver or a Medical Professional working as a contractor, you can utilise these expense categories to ensure your total taxable income matches your bank transactions. This allows for accurate accounting of both gross income and related expense deductions, providing a clear and precise financial picture.

Simply select an expense category when invoicing to see the negative item amount in the invoice total.