How Tax Reports Work in Lunio

Keeping track of taxes is one of the most important parts of running a business in Canada. Instead of manually calculating everything, Lunio provides built-in tax reports to help you stay organized and prepared.

In this guide, we’ll explain how tax reports work in Lunio and how they help simplify your workflow.

What are tax reports?

Tax reports show a summary of the taxes you’ve collected over a specific period.

These reports help you:

• See how much GST/HST you’ve collected
• Understand your tax totals at a glance
• Prepare for filing your GST/HST return
• Stay organized throughout the year

Instead of digging through individual invoices, everything is summarized for you.

What information is included?

Lunio’s tax reports typically include:

• Total sales for the selected period
• Total tax collected (GST, HST, PST, QST)
• Breakdown of taxes by type
• Date ranges for reporting

This gives you a clear overview of your tax obligations.

How tax data is calculated

Lunio automatically calculates taxes based on:

• The tax rates you apply to invoices
• The client’s location (if applicable)
• The items and totals on each invoice

Every time you create an invoice, the tax is recorded and added to your reports.

How to view your tax reports

To access your tax reports:

1. Go to the Reports section in your dashboard
2. Select the tax report option
3. Choose your desired date range
4. Review your totals and breakdown

You can adjust the date range to match your filing period (monthly, quarterly, or annually).

Why tax reports are important

Tax reports make it much easier to:

• Prepare for GST/HST filing
• Avoid calculation errors
• Understand how much tax you owe
• Stay compliant with CRA requirements

Without a proper report, you would need to manually calculate totals from each invoice.

Using reports for GST/HST filing

When it’s time to file your GST/HST return, your tax report gives you:

• The total tax you’ve collected
• A clear summary for your reporting period

You can use this information when completing your return with the CRA.

Tips for accurate reporting

To keep your reports accurate:

• Make sure tax rates are set correctly on invoices
• Record all invoices and payments consistently
• Review your reports regularly
• Double-check totals before filing

Good habits throughout the year make tax season much easier.

Final thoughts

Lunio’s tax reports help simplify one of the most complex parts of running a business. By automatically tracking and organizing your taxes, you can spend less time calculating and more time focusing on your work.

What’s next?

Now that you understand how tax reports work, here are some helpful next steps:

👉 Learn how Lunio calculates taxes

👉 Learn how to file GST/HST

👉 Learn when to charge tax