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Archives

30
Nov

How Does the POS Calculate Sales Tax?

To clarify how taxes are calculated on your receipts, let's look at an example. Initial situation: You have 5 items. Each of these items has a net price of $0.99 and are taxed at a rate of 19%, each of which corresponds to a gross amount of $1.18  ($0.99  * 1.19 = $1.1781 rounded to$1.18). ...
30
Nov

Sector Report

Each line in the Sector Report represents a type of taxation (in this case: Alcohol, General or Tax-free). Thus the sales in the various divisions are given, irrespective of the economic areas (different countries, states, counties, etc.). It is only important that the transactions considered belong to the same organizational unit. You may Filter this report ...
30
Nov

Change Receipt Tax (Alternate Sector)

In retail, it is becoming increasingly necessary to be able to switch the tax rate quickly and easily for individual items or the whole receipt. This is particularly important when it comes to whether the customer wants to consume drinks or food in the store, or takes it with them. To use the in-store / ...
12
Jul

Taxes

This is where you may set up each individual tax rate, as necessary, which is applicable for the products you are selling. You will need to set up as many taxes as you are going to collect at the point of sale. This can range from just one tax to several depending on local taxing ...