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
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Click the Taxes section
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Start with entering the State level tax, enter a name and the tax rate
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Click on Add Rate to Add the other Rates
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Enter the other tax rates
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You can name the group.
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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.
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Make sure to click Save, to save your changes.
## # coreSTORE
Access the Company->Settings screen
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Click the Taxes section
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Start with entering the State level tax, enter a name and the tax rate
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Click on Add Rate to Add the other Rates
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Enter the other tax rates
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You can name the group.
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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.
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Make sure to click Save, to save your changes.
Updated on: 06/26/2024
Thank you!