Configure up to ten (10) sales tax types, each with its own rate (with up to 3 decimal places).
Options for jurisdictions with more advanced rules, such as minimum thresholds and rounding up, down or nearest.
Option to have prices include sales tax. (Real sales price is back-computed by subtracting tax from visible price.)
Handles special cases for Canadian dual taxes and Hawaii excise tax.
Each inventory category can be set to one of the tax types, to non-taxable, or to non-sales (non-sales income w/no tax).
By default, sub-categories inherit this setting from their parent categories.
Mark specific customers as tax exempt or to use a specific tax type, or individually override tax type at point of sale.
Tax amount computed by applying rate to subtotals for each tax type, avoiding round-off errors.
Tax amount summaries included in Day-End and Month-End reports, includes breakdown by tax type of total taxable sales amount, total tax-exempt amount, and total tax collected (for each month).