Australian Government Tax Invoice specifications require:
- visible information about supplier with ABN (Australian Business Number)
- brief description of item(s) sold with quantity and price
- taxable information of each item
- issue date
- GST tax amount
- if document was issued by recipient – GST is to be payable by supplier
Would BillGrid help with creating a proper Tax Invoice?
If your base account currency is already in Australian Dollars your clients would automatically be created in Australian Dollar currency. If not, you can always select AUD when creating a new client – or even on the invoice directly.
You should be able to add “GST” tax item in your Settings / Taxes section
To add your company tax id to the invoices – you can add add it under Settings / Company Profile. If you forget to do this step – you can always try mentioning it within the Notes section.
When creating an invoice – you’ll find proper due and issue date fields, invoice summary and line items with proper pricing and tax details. You should be able to change your invoice label to “Tax Invoice” by hovering over the INVOICE text and editing it afterwards.
If you are creating an invoice as a recipient you can setup GST tax with a negative percentage, such that it is discounted from total
Hope you’ve found this helpful & happy invoicing!