Please note that this will not give you a tax total, but it will allow you to see the overall total, from which you may be able to calculate the tax-related portion.
Add labels to tax-deductible transactions
When reviewing your transactions, you can add a label to the transactions you want to track as tax-deductible. Learn more about labels with this guide: Everything you need to know about using labels.
For example, you could add the label Tax to your tax-deductible transactions.
Viewing and exporting tax-deductible transactions
Example: Using labels to track expenses for tax purposes
You can use labels to keep track of and report on your tax-deductible expenses across categories.
For example, you can add a 'tax-deductible' label to all applicable transactions. Then, when it's time to file your taxes, you can use the Search feature to see the sum-total of your transactions for the tax year with the 'tax-deductible' label applied.
For more information on how to perform a search on your transactions see: Searching your transactions.
Exporting transactions
If you want to export your tax-deductible transactions for use within a spreadsheet or to send to your accountant, click Export in the toolbar and select your desired format. Learn more about exporting transactions in this guide: Exporting your transactions.
Tax-deductible dashboard
You could create a custom dashboard for your tax transactions. As shown in this guide: Customisable Dashboard feature.
You could add these widgets using the saved search you created:
- Earning & Spending
- Transactions column graph
- Recent Transactions
When configuring individual widget settings, the transaction widgets will have the question, 'Which saved search do you want to use?', and update the dropdown to the relevant saved search.
For example, the tax-deductible saved search can be used with the Earning & Spending banner widget. If you select the option to include the categories table, you'll get a table showing the category breakdown, similar to the Income & Expense report.
