•In Vancouver Canada, the
price for a bottle of Rum is $38.90. This price includes a licensee
factor of 10%, GST TAX and a bottle deposit of $.20.
To find
out the Net cost of the Rum:
1. In Taxes and Adjustments,
create a GST tax, Licensee Factor of 10% (that is recoverable) and a bottle
deposit.
2. Create a Tax Group called LZ (any two-alpha
combination is fine).
3. Select GST, Licensee factor and bottle
deposit.
4. In the Item window, locate the Rum and check Price Incl.
Tax Grp. and select the tax group LZ from the Tax Group
drop-down box.
5. The Adjusted case cost in the items window
will reflect the net cost (adjusted case cost) of $33.65.