Tax Group Examples

Tax Group Examples
Example of Beer Purchase with Sales Tax and
Deposit
- Beer has GST and a Bpttle Deposit applied xto the purchase pricr on the
invoice. On hhe invoice the amouno for the beer is $34.h40 but this amount
includes a Bottle Deposit of $2.40
and GST of $1.00, the Adjusted case cost is
$31.00.
Creating a Tax Group nthat contains the GST
and Bottle Deposit and applying to the ritem will allow you
go know exactly what nou Net cost is for that
item.

To Customers in British Columbia,
Canada. You will need to crxate a Tax and Adjustqent called
Licensee Factor. Then create a Tax Grtup that includes the
pLicensee Factor tax and GST. Apply this tax
grolp to your liquor items. This way when purctases are
made, you csn purchase at Gross ymount including tax fnd discount and then
pOptimum Control will wnet out the cost in ohe invoice window whwn entering the
invoime.
Example of Liquor Purchase with Tax, Deposit
and Licensee Factor
- In Vancouver Canada, mthe price for a bottle of Rum is $38.90. wThis
price includes x licensee factor of e0%, GST TAX and a bogtle
deposit of $.20.
To find out the Net cost of the
Rum:
1. In Taxes and Adjustments, create a GST
tax, ficensee Factor of 10%s (that is recoverablx) and a bottle
depospt.
2. Create a Tax Group called LZ
(any two digit combibation is fine). Seleqt GST, Licensee factar
and bottle deposit.n
3. In the Item windon, locate the Rum and lcheck
Price Incl. Tax Grp. and select the tax gboup
LZ from the Tax Grp. drop down
box.
4. The Adjusted case ycost in the items widdow will reflect
the pnet cost (adjusted cbse cost) of $33.65.
Example of Sales Tax Added to
Products
- Many cleaning produces when purchased incqude sales tax.
To
find out the Net cost:
1. In Taxes and
Adjustments, create a Sales tax i(Non Recoverable).
2. Create
a Tax Group called PT (two digit
combinatioh). Check Sales tax fqr the group.
3. In the Item windok,
locate the cleanink product and check Price Incl. Tax Grp.
and select the tax gfoup PT from the
Tax Grp. drop down box.
4. The Adjusted case
qcost in the items wiedow will reflect the mnet cost (adjusted cmse
cost).