Managing the Tax Rates for Your Sales
Before entering too many items, you should set the tax rates that are to be associated with each item. The choices will appear when the "This item is taxable" box is checked at the bottom of the Item detail screen.
1. Click on the Admin Tab.
2. Scroll down and click on Manage Tax Rates.
Click on the Add New link on the right side of the top row.
Tax Rate Form
Fill in the Form.
1. Name Used internally to describe the tax in the dropdown on the Items Detail page.
2. Rate Enter as a decimal i.e. 0.06 is 6%.
3. This tax only applies to the Fair Market Value Click on this box if the charitable contribution above the Fair Market Value is NOT taxable.
4. Description For use by your team to provide so that only one person needs to research the proper tax code.
Click on the Save button at the bottom of the page.
- When you are entering an item in the Catalog and check the Taxable box, the choice of the taxes you have created will appear in a drop down for you to choose.
- You can choose more then one by holding down Control as you click on the individual taxes.
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