This feature is available on all Goodshuffle Pro Plans.
When you run a Tax Report in Goodshuffle Pro, you can choose between two report types:
Cash Report – Based on when the client paid
Accrual Report – Based on when the event takes place (what they paid for)
This selection affects which projects appear in your report.
Example
Let’s say a client pays you $400 in July for a project that takes place in August:
If you run a Cash Report for July → the project will appear, because that’s when payment was received.
If you run an Accrual Report for July → the project will not appear (it shows up in August instead).
Why You’ll See a Portion of the Tax Owed on a Cash Tax Report
When a vendor receives a partial payment and runs a Cash Tax Report, only a portion of the total tax owed will appear. That’s because a Cash Tax Report treats every dollar collected as a blended mix of subtotal and tax — in the same ratio as the overall invoice — rather than assuming you collected the subtotal first and the tax second.
Example:
An invoice has a $100 subtotal + $7 tax = $107 total. Tax makes up 7/107 (~6.542%) of every dollar collected.
When the client pays $50, the Cash Tax Report shows $3.27 in tax ($50 × 6.542%). The remaining $46.73 is the revenue portion.
When the client pays the remaining $57, the Cash Tax Report shows $3.73 in tax — bringing the total to the full $7 once the invoice is paid in full.
Why it works this way: You only owe tax on money you’ve actually received. If the system reported the full $7 in tax on day one but you’d only collected $50, you’d be paying tax out of pocket on money you haven’t been paid yet. It’s essentially the tax equivalent of revenue recognition — collect cash → recognize tax.
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