Charging Sales Tax to Customers
This instruction manual will guide you through the process of charging sales tax to your customers. Please follow the steps outlined below:
Last updated
This instruction manual will guide you through the process of charging sales tax to your customers. Please follow the steps outlined below:
Last updated
Step 1: Accessing the system
Click on "Sale Tax for City" under Miscellaneous on the File Maintenance Tab.
Step 2: Setting Sales Tax Rates Within the sales tax settings, you have two options to consider: setting the default tax rate or individual city tax rates.
Follow the appropriate steps based on your preferred approach:
Setting the Default Sales Tax Rate:
Locate the option to set the default sales tax rate and click on it.
Enter the desired default sales tax rate as a percentage in the provided field.
Save the changes to apply the default sales tax rate.
Setting Individual City Tax Rates:
Locate the boxes on the left-hand side
Enter the city or county name in the corresponding field.
Enter the effective date of the tax rate in the provided field.
Enter the sales tax rate for the specific city or county in the provided field.
Click on "Add" to apply the changes
Step 3: Setting Products Subject to Sales Taxes
Navigate to the file maintenance page.
Look for the product column and locate the "Manage Product" option.
Click on the "Manage Product" option to access the product management settings.
Within the product management settings, locate the product you want to mark as subject to sales taxes or create a new product code if needed.
Edit the product details and find the "taxable" option for tax settings or taxability..
Enable the option indicating that the product is subject to sales taxes.
Save the changes to apply the sales tax settings to the specific product.
Step 4: Setting Customers Subject to Sales Taxes
Navigate to the file maintenance page.
Look for the Customer and locate the "Manage Customer" option.
Locate the customer profile you want to mark as subject to sales taxes.
Edit the customer details and find the "Collect sale tax "option for tax settings or taxability.
Enable the option indicating that the customer is subject to sales taxes.
Save the changes to apply the sales tax settings to the specific customer.
Once these settings are in place, the KSB meat system will automatically apply the default sales tax rate to transactions, and sales taxes will be charged for products and customers marked as subject to sales taxes.
Additional Tips and Recommendations:
Ensure that you have the correct tax rates for the respective jurisdictions where sales taxes are applicable.
Regularly update the tax rate setting with any changes in tax rates or regulations.