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Stripe invoice template for Facilities

with stripey invoicing you can create and manage invoices from one-time payments for your customers and now the stripe taxes integrated with invoicing you can also automatically calculate the amount of tax owed on the products and services that you're selling in this episode you'll learn how to create an invoice and collect taxes and you'll see that both through the dashboard and through the api [Music] if you haven't already seen how to enable stripe tags for your business you can watch the getting started video linked in the description so let's jump in first let's create a product to sell and at a price let's say your company sells downloadable games and you've just released a great new game called startup scramble it sells for a one-time price of 10 euros here you can specify that the calculated tax is inclusive or exclusive this is called the tax behavior meaning that the tax is either included in the final price of 10 euros or the tax should be added on to the original price in this case let's specify that tax is exclusive meaning that in ireland 2 euros 30 will be added to the original price as the vat rate for downloadable games in ireland is 23 now let's create an invoice first let's choose a customer to charge a customer has already been created who's located in ireland so tax will be calculated based on irish tax rates customers outside of the us need at least a country level address while customers in the u.s require a five-digit postal code for canada we need at least the province or postal code but in this case my customer is in ireland then let's sell an instance of startup scramble by adding it as a line item it's possible at this point to override the tax behavior to be inclusive but let's leave it as exclusive as we specified when creating the price when creating an invoice with more than one line item you can specify different tax codes so if you're selling downloadable games taxed at 23 in ireland along with something that's non-taxable or taxed at a different rate that's possible when we save the line item we can see that stripe tax has included an additional 23 vat on top of the price making a total of 12 euros and 30 cents and that's it once the invoice is charged automatically or sent to the customer tax will be included in the final amount so let's move on to creating an invoice through the api and using stripe tax to automatically calculate and collect taxes the first thing we'll do is create an invoice item using the same customer and price that we used previously then we'll create an invoice for that customer that will pull in that invoice item here we're telling stripe to auto advance the invoice meaning that it will be automatically finalized in an hour's time and that we would like the invoice to be charged automatically and finally let's specify that the invoice should also collect tax by setting automatic tax enabled to true when using the api stripe tax uses the prices configured inclusive or exclusive tax behavior when calculating tax when we run this code an invoice will be created let's jump into the dashboard and inspect it great the invoice has been created and 23 fat has been calculated automatically based on the line item and the location of your customer and we're done so now you're fully equipped to automatically calculate and collect tax on your invoices using stripe tax thanks so much for joining us please do subscribe to the stripe developers channel to keep up to date with demos on stripe tax invoicing checkout and billing and you can also head over to stripe.com tax to learn more or email us at stripe tax stripe.com with your specific use case thanks again and see you in the next one