Invoicing

    Subtotal

    The sum of all line items before tax, discounts, or fees.

    Definition

    The subtotal is the base used to compute percentage discounts and sales tax. Discounts can be applied before or after tax depending on local rules — Glo Invoice handles both.

    Related terms

    Invoice

    A document a business sends a customer requesting payment for goods or services.

    Sales tax

    A tax on the sale of goods (and sometimes services) collected from the customer at checkout.

    Discount

    A reduction in price offered to a customer.