Annual Tax Summary

Get a complete picture of your tax situation for the year.

What's Included

Income Section

Total gross income

Breakdown by category

Monthly income trend

Currency conversion totals

Expense Section

Total expenses

Deductible vs non-deductible

By category breakdown

Business expense ratio

Tax Calculation

Taxable income

Tax by bracket

Total tax liability

Effective tax rate

Comparison with previous year

Deductions Applied

Pension contribution

Rent relief

NHF/NHIS (if applicable)

Total deductions

Generating Your Annual Summary

Wait until year-end (or generate for partial year)

Go to Reports → Annual Summary

Select the tax year (e.g., 2025)

Tap "Generate"

Review and download

When to Generate

January - Previous year complete data

Before March 31 - For filing preparation

Mid-year - For planning/estimates

Using for Tax Filing

Your annual summary helps with:

Completing FIRS forms

Verifying employer PAYE

Calculating balance owed/refund

Supporting documentation

Accuracy Check

Before relying on the summary:

Verify all income is recorded

Check expense categorization

Confirm deduction rates

Compare to bank statements

Sharing with Professionals

When sending to an accountant:

Generate PDF report

Include notes on any anomalies

Provide supporting receipts

Highlight questions/concerns

Keeping Records

Store your annual summary:

6 years minimum (legal requirement)

Cloud backup recommended

Multiple copies advised