Tax Overview
Your POS system handles tax calculations automatically. Once you set up your tax rates, every sale applies the correct amount without any manual math.
What Is a Tax?
A tax is an extra charge added to the price of your products or services. Governments typically require it. Common examples include VAT, sales tax, and service tax.
When you create a tax in Fuze Store, the system adds it to each qualifying sale for you.
Why Set Up Taxes?
- Stay compliant with local and national tax laws.
- Save time by letting the system calculate amounts.
- Show clear receipts so customers see exactly what they pay.
- Simplify reporting when it is time to file or audit.
How Taxes Work in Your POS
- Automatic calculation -- taxes apply to sales based on your settings.
- Flexible setup -- create different rates for different products, services, or locations.
- Tax exemptions -- remove or adjust tax for specific customers or situations.
- Transparent receipts -- every receipt breaks down the tax amount.
Field Explanations
When you create or edit a tax, the Country and Currency fields are auto-populated from your store settings. You do not need to enter them manually.
You fill in the following fields:
| Field | Description | Required | Possible Values | Example |
|---|---|---|---|---|
| Name | The tax name shown on receipts | Yes | Any text | VAT |
| Rate | The value added to the price | Yes | Any number | 12 |
| Rate Type | How the tax is calculated | Yes | Fixed, Percentage | Percentage |
| Description | A short explanation of the tax | No | Any text | Value Added Tax |
Tips
- Verify your local tax rates and rules before creating a tax.
- Use clear names so your staff and customers understand each tax.
- Consult your accountant or local tax office if you are unsure about rates.
- You can update or remove taxes at any time as laws change.
Best Practices
- Review your tax settings regularly, especially after price changes.
- Train staff on how taxes appear on receipts and how to handle exemptions.
- Keep tax reports on file for easy access during audits.