Fiscal Year End Tax Receipts
Our studio follows the school calendar and runs from September to June. In doing so, our school year bridges two calendar years.
Government tax credits are becoming available in Canada for people who have their children in music education. This will mean that parents will be wanting fiscal year-end receipts for all monies spent on lessons during the fiscal year (Jan - Dec) for their taxes. Simply sending them a copy of their paid invoices won't work well for this purpose.
We are wondering if there would be a way to efficiently create calendar year-end receipts for parents that will summarize all monies spent on lessons during that year (January - December).
Jeff
shared this idea
-
Anonymous
commented
Yes, it is helpful to have this for tax time, however the format is a little dodgy, and there is no total at the bottom for clients, making it easier for them to input on tax forms. It serves as a receipt but formatting it to look more like a tax receipt would be better.
-
Jeff
commented
Hi Allan. Thanks so much for pointing this out. I hadn't seen this feature. I think it will do what I am looking for. Thanks for your reply.