Invoicing glossary
Subtotal
The subtotal is the sum of all line items on an invoice before tax and discounts are applied.
Subtotal: a clear definition
On an invoice the subtotal sits above tax and any discount; the final total is the subtotal minus discounts plus tax. Showing the subtotal separately makes the math transparent so clients can check exactly what they're paying for.
Subtotal in Invco
Yes. Invco multiplies quantity by unit price for each line and adds the lines up to the subtotal, then takes off any discount and adds the tax from each line's rate to reach the total due.
Invco is invoicing software for people who run more than one company. Design your own invoice template or upload your existing invoice PDF, and Invco calculates subtotals, tax and totals, numbers each invoice sequentially and emails it as a branded PDF from your own address. Plans from $10/month.
Frequently asked questions
What is subtotal?
The subtotal is the sum of all line items on an invoice before tax and discounts are applied.
Does Invco calculate the subtotal for me?
Yes. Invco multiplies quantity by unit price for each line and adds the lines up to the subtotal, then takes off any discount and adds the tax from each line's rate to reach the total due.
What is discount?
A discount is a reduction applied to an invoice, either as a percentage or a fixed amount off the subtotal.
Invoice the easy way with Invco
Design your invoice template, send branded PDFs from your own email address, and see what's paid and overdue for every company. Plans from $10/month, with a full refund within 7 days.
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