tools.mybizmate.io / calculators / vat-gross-up-calculator
mybizmate Tools · Invoicing · Helper
Invoice VAT and EWT HelperNet, VAT, withholding, and the cash you actually collect
The classic rent and professional fee puzzle in one strip: an invoice carries VAT on top of net, the payor withholds on the net, and the cash that arrives matches neither number. This tool shows all four lines at once.
Invoice to cashFOUR LINES
Net amount·
VAT at 12%·
Invoice total·
Less EWT on net·
Cash you actually collect·
Invoice total and cash collected differ by exactly the EWT, and the 2307 is the receipt for that difference. Book all four lines and nothing ever looks missing.
Both Sides
Payor and payee see mirror images
The payor books the expense, the input VAT, and a withholding payable; the payee books the income, the output VAT, and a creditable tax asset. The EWT calculator covers the payor's side by payment type.
FAQ
Questions people actually search
- Bakit mas maliit ang cash na natanggap ko kaysa invoice?
- Because the payor withheld EWT. The withheld amount is not lost; the 2307 lets you credit it against your income tax.
- Is EWT computed on the VAT inclusive amount?
- No. Withholding applies to the amount net of VAT.
Related
Four lines, posted from one entry.
Record the invoice once in mybizmate and the VAT, the withholding, and the receivable all post themselves.