HubSpot Ideas

NilsK

Automatic adding of TAX (VAT) when creating quotes

We use a specific tax % on every quote so it should be possible to set a standard and e.g. add a 19% tax on every quote created automatically.

 

Benefits:

  1. Saves times
  2. Avoid mistakes
HubSpot Updates
August 30, 2022 12:08 PM

Hey folks - Ethan here, product manager for the Product Library. Apologies for the missed quarter of updates. I want to let you know that this feature is not on our roadmap for this quarter (Q3, 2022). HOWEVER, we are actively doing research into how to enable a basic tax library that would be the foundation for something like this. I can't give you an exact deadline, but please know it's top of mind for us.

 

As a sidenote, I'll be updating the top Ideas associated with Products and Line Items ~once per quarter going forward. I will include (1) whether or not a feature is on the roadmap for that quarter or not and (2) what our rollout plan for that feature is (e.g. will there be a beta or not). If you have feedback about additional information I could include in these updates, drop a note here. If I see a theme, I'll adjust my updates to address that.

 

I won't be doing this for every idea, but most ideas above 100 kudos will get this treatment. Previously, I had been trying to do it for ideas greater than 25 upvotes, but unfortunately the volume is too high to be practical.

117 Replies
PaulOldridge
Member

This should be standard as most goods and services are taxed.

fred_erik
Participant

This would be awesome. Most likly we could select from a preset of different VATs.

MissTipsi
Top Contributor

Agree on default tax.

Would also add that tax should be displayed for subtotals  and not just as a grand total at the end. If you have recurring and one-off payments within the same quote, you want the buyer to know the total upfront payment inclusive of tax for any potential bank transfer. This avoids buyer/sales rep having to do sums and communicate totals that don't appear anywhere on the quote.

FourWalls
Member

This is really needed 

SimonH_Demodia
Participant | Diamond Partner

Plus one for this.

HBragge
Member

Yes! Static % tax would be a big leap forward. 

SWeithers
Member

Agreed this should be available as standard for quotes.

CGonzalez0
Member

The idea of hubstop is to do thinks quicker and using techonology to avoid mistakes. The idea of having a "manual" procedure to add taxes is just againts the general idea of using a software tool to make those kind of things (calculations) easy not harder.

DSimmons2
Member

Yes please!!  We need a way to automatically calculate tax!!

AyalaNovales
Participant | Diamond Partner

Still nothing with this update? It is really needed, it would help save a lot of time and avoid mistakes by sales reps.  Please heeeelp!!!

anna_large
Member

Mega thumbs up! This would remove a lot of errors / inconsistencies from our salespeople

 

BirteDoering
Member

My upvote counts 25 times - this is for the whole company. 

Super important for us 🙂  

Ucidity
Member | Partner

Has this been implemented? Pretty basic really...

andreorfgen
Member

That would be very helpful. Actually a basic feature.

susandaly
Participant

We need this as well for our Canadian customers to add GST but for some provinces, we also need to be able to add PST and/or HST. 

pittland
Member

it's really a showstopper having to add VAT manually - it's a shame that basic elements of a good CRM are missing from hubspot. it's preventing us from fully deploying hubspot as a CRM solution

tominal
Guide | Partner

Yes please!!

BastienV
Member

GREAT IDEA !

Our customers are 95% based in France. An automatic Tax Rate would be great !

For the 5% remaining, it would be great just to delete the Tax line instead of adding it every time.

simon_toussaint
Member | Diamond Partner

It seems pretty simple, but not having taxes at a product level can cause a lot of problems when using HubSpot products / quotes. While I'm are aware that there's some clunky workaround, creating a quote with products with different taxe rate can be a real problem / show stopper for HubSpot, and require some customization / connection to work. 

Example : 

There's 4 tax rates in France (20%, 10%, 5,5%, 2,1%). If you create a quotes including a normal SaaS product with 20% taxes combined with food product, taxed at 5,5%, you will need to do some manual modification to your quote, instead of having one product at 5,5% and one product at 20%, making the process complicated/with errors compared with a situation where taxes can be managed at a product level, like in Quickbook.

Verticals potentially affected
- Editors (books/press)

- Food product producers
- Healthcare

Potential solution

- Add a product level field with a tax rate (can be just a drop down)
- Allow to auto calculate taxes by using tax rate at product level

This can be a real show stopper for some clients / prospects.

MBailey
Member

This would be a massive benefit for us - i am bemused as to why it is not already available. The system is so customisable excpet something that is quite pivotal to a lot of companies.