Tax Report

Overview

This report provides a summary by tax codes of the number of items sold as well as the Net sales and Tax amount. This report can be used to aid the merchant in their tax remittance information.

Navigate to the sidebar, Reports → Sales Reports → Tax Report

Criteria Selections for Tax Report

Make entries in the following fields to determine report output:

• Start Date: Enter the starting date you want to include in the report.

• End Date: Enter the ending date you want to include in the report

Note:

The Start Date and End Date fields can be left empty if you select a relative date option (Current Day, Previous Day, Current Month, Previous Month)

Details

The user provides details and generates a tax report. The user can the Advanced Filters to generate the report by the Venue, Store, Register, Warehouse, Event, and the date range in which the sales are to be reported.

The user then can generate the report or download the CSV file. The generated report provides the Store Name, Venue name, Tax description (taxable, nontaxable, or exempt), Quantity Sold, Net Sales, Tax 1, Tax 2 (if applicable), and Tax.

Some municipal jurisdictions support two tax rates for certain products (typically liquor tobacco etc), or as in the case of New York City, there are state and local taxes of which local taxes are waived during one week of the year. This allows the system administrator to manage the two rate tables if needed. The rates are calculated linearly or they can be compounded if required.

For example, suppose an item is sold for $100 and the tax rates are 10% and 2%. If linear the tax would be calculated as tax = ($100 * (10% + 2%)) = $12 if compounded it would be

tax = ((($100*10%) +100) *2%) -100) =12.20.

Printing Reports

Users have the option to print reports on Console, 

1. Navigate to Reports and select the report

2. Select the Date Range that you wish to get the report for.

3. Select filters that are necessary for your report. 

   Note: Default Settings will create a Report with all the necessary information, but if you want a more detailed report, add or remove filters. 

4. Navigate to the Print button on the top right corner of the screen, clicking on the button will show a popup window to choose the printing options.
5. Make your selection and hit Print

Click Save.

Articles in this section

• Item Import Field Descriptions
• Overview
• Merchant Onboarding
• Navigation Bar
• Reports
• Items
• Settings
• Dashboard Overview
• Company
• Register

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