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New calculation method for invoices

· One min read

In preparation for the release of the credit note feature and based on feedback from accountants, we have introduced changes to the way coupons and prepaid credits are taken into account in the calculation of invoices.

Until now, coupons and prepaid credits were deducted from the amount before tax - for example:

CURRENT INVOICE CALCULATION
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All subscriptions = $50
All usage-based fees = $20
Coupons = $10
Prepaid credits = $30
-----------------------------
Subtotal = $30
Tax (10%) = $3
Total due = $33

From now on, coupons and prepaid credits will be deducted from the amount after tax.

Following the previous example:

NEW INVOICE CALCULATION
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All subscriptions = $50
All usage-based fees = $20
-----------------------------
Subtotal (excl. tax) = $70
Tax (10%) = $7
-----------------------------
Subtotal (incl. tax) = $77
Coupons = $10
Prepaid credits = $30
Total due = $37

In addition to this, credit purchases are now considered as advance payments. Therefore, the tax rate no longer applies to the purchase of credits.