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📊 Precise Tax Application with Line Item-wise Taxing

Calculate Taxes Individually on Each Sales Line Item for Accurate Billing

PrismERP’s Line Item-wise Tax feature allows businesses to apply taxes separately to every product or service line in a sales invoice. This granular tax handling ensures correct tax computation, especially when different items attract different tax rates or exemptions.

🧾 What is Line Item-wise Tax?​

Instead of applying a uniform tax rate across the whole invoice, this feature calculates and applies tax for each individual line item, based on its specific tax category or rules.

📌 Example:​

In a sales invoice with multiple products, Product A is taxed at 5%, while Product B is exempt. PrismERP calculates tax only on Product A accordingly.

⚙️ Key Features​

✅ Individual Tax Rate Application Assign and calculate tax per product/service line.

✅ Support for Multiple Tax Types Handle VAT, GST, AIT, and other taxes at the item level.

✅ Dynamic Tax Rule Management Configure tax rules that vary by product category, location, or customer type.

✅ Clear Tax Breakdown Display detailed tax amounts for each line on invoices and reports.

✅ Seamless Integration Works smoothly with sales invoicing, accounting, and reporting modules.

🔗 Integrated With​

  • Sales Invoice Module
  • Tax Configuration & Compliance
  • Financial Accounting
  • Reporting & Auditing

🚀 Achieve Tax Precision per Item with PrismERP​

Empower your sales and finance teams to manage tax calculations accurately and transparently—one line item at a time.