For the complete documentation index, see llms.txt. This page is also available as Markdown.
configurationitem taxcompute taxjurisdiction
Item taxes
This topic describes how to configure item taxes.
Click Setup.
Expand Financial.
Click Item Taxes.
Do one of the following:
To add a new item tax, click New.
To edit an existing item tax, select it and click Edit.
To copy an existing item tax, select it and click Copy. You must enter a new Description and Code, but all other values are copied.
Enter information about the item tax.
Field
Description
Description
The name of the item tax type.
Code
A unique code for the item tax type, e.g., liquor, tobacco, clothing.
Compute tax on (Price-Cost) instead of Price
Select this option if you want to calculate tax using price - cost instead of price.
Compute tax on Cost instead of Price
Select this option if you want to calculate tax on the wholesaler's cost instead of price.
Compute tax on Item Weight instead of Price
Select this option if you want to calculate tax as a fixed amount per item, e.g. excise tax, instead of price. For example, if the excise tax is $0.05 per milliliter, the selling price is $10.00, the cost is $7.00, and the value in the Weight field of the item is 100, the tax calculated will be $5.00 ($0.05 x 100 = $5.00).
Apply individual taxes in the following order
Select all of the taxes that apply to the item type, in the order that you want them to display on the POS screen. Select On Receipt if you also want to display the sales taxes on the receipt.
