Jump to content

Tax Reporting and Non-Taxable-Sales Amount


Vernon

Recommended Posts

In the tax report there is a heading "Non-Taxable Sales" and an amount listed, please explain how the non-taxable sales amount is calculated. I need to understand how all my taxes are calculated to understand what I report to my state and county fully. Thank you for your time

Regards,

Vernon 

Link to comment
Share on other sites

  • 2 weeks later...

Hello there!

The non-taxable sales indicated in your Tax report refer to sales transactions where no taxes are applied to the items being sold. In Loyverse POS there are two types of taxes: 'added to the price' and 'included in the price'. Non-taxable sales would be those transactions where neither of these tax types is applied to the items.

If you would like to know more about how the taxes in Loyverse are calculated, please feel free to visit the following Help article here: https://help.loyverse.com/help/how-taxes-are-calculated

 

Hope this helps!

Link to comment
Share on other sites

Please sign in to comment

You will be able to leave a comment after signing in



Sign In Now

Loyverse Point of Sale

 

 

 

 

×
×
  • Create New...