Create a Tax Structure to apply a tax rate to an item. Items may only have one Tax Structure applied to them.
link for information on: Tax Exempt Sales
Where to go: URL: https://realtimetotals.com Log in Management>Transactions Codes>Tax Codes
Setting up Sales Tax
Each Tax Structure must have its own unique Name. This will show up in all reports and tax filters so you should name them carefully.
Each structure can support two rates if necessary.
In Percentage 1, enter the applicable percentage rate for the first rate that will be charged.
In Percentage 2, enter the applicable percentage rate for the second rate that will be charged; otherwise it can be left blank.
Click on Save to create the Tax Structure.
More Complex Tax Scenarios
In some instances tax structures are only applicable if the item is priced above a certain amount, if that is the case enter the Minimum Taxable Amount on which the tax structure should apply.
The tax is applied to the full item price. If the price of any items associated with this structure is below the minimum amount, no tax will be applied. The minimum taxable amount can be applied to both Percent 1 and Percent 2.
You can also select the tax to be applied to "over amount" or "under amount" instead of the full amount.
|Modify your Tax Rate|
Changing your tax rate is done on CAS
Management>Transactions Codes>Modify Transactions
Select Tax from the Type dropdown and press Find
Select the Tax Code to Modify
Make the changes to the tax (change the name of the Tax or change the tax rate)
Click on Save to modify the Tax