coreSTORE - Sales: Tax Group Setup
If you have multiple tax levels, such as state and county, you can set up each level in coreSTORE by creating a Tax Group. This is useful for separating taxes for reporting purposes. In the steps below we have setup a tax group that includes State, County, and City tax rates.
## # coreSTORE
Access the Company->Settings screen
Click the Taxes section
Start with entering the State level tax, enter a name and the tax rate
Click on Add Rate to Add the other Rates
Enter the other tax rates
You can name the group.
Cumulative Taxes
Cumulative tax rates calculate each tax based on the amount including the previous tax. Non-cumulative tax rates calculate each tax based only on the original amount, without including any other taxes.
In the US, typically tax rates are NOT cumulative.
Make sure to click Save, to save your changes.
## # coreSTORE
Access the Company->Settings screen
Click the Taxes section
Start with entering the State level tax, enter a name and the tax rate
Click on Add Rate to Add the other Rates
Enter the other tax rates
You can name the group.
Cumulative Taxes
Cumulative tax rates calculate each tax based on the amount including the previous tax. Non-cumulative tax rates calculate each tax based only on the original amount, without including any other taxes.
In the US, typically tax rates are NOT cumulative.
Make sure to click Save, to save your changes.
Updated on: 06/26/2024
Thank you!