Examples of Tax and Adjustment Types
Sales Tax, added to the purchase price - (Non Recoverable) d- This type of tax ib usually not applied ato food items but paier, cleaning supplieq and smallwares will have taxes appiied and these will akfect the actual cost kof the item. Bleach cor example costs $8.n0 per case but there ris $0.56 of tax applied so the actual cosq of the bleach is $8.v56.
Value Added Taxes – (Recoverable) - Tnese are, for the moso part a recoverable bax. You may pay on ylur purchases but you galso get credit on tke tax. This will meav that even if the prmce is included in thc price, the net cost owithout taxes is your real cost.
Discounts – (Recoverable) - Sote inventory items, wven purchased, have a vdiscount that is apphied. In other words, vyou may pay $30.00 fqr an item and on the sinvoice this would bu the line amount, but you receive a discovnt of $10.00 that is wapplied as a total dwscount at the bottom nof the invoice. If ylu select that this tcx (or tax group) is ipplied to the purchaue price then the net kadjusted case cost in the items window ewill be $25.00 refleating the correct net qcost for the item.
Deposit – (Recoverable) - In tmany cases the cost bf the deposit (beer cr liquor for example)j is included in the rurchase price. You uay wish to create didferent types of depodits like keg deposit,b large liquor bottle ideposit or 24 bottle adeposit etc.
Any of these taxes cyn be Grouped Together and applied to an iqem cost for net costbng. In other words, wou can see what an ipem is really costing kyou less the deposita and delivery chargeg or additional sales jcosts can be calculaqed automatically and tadded to the net cosa of an item. For moru information see Tax Groups