The 'Tax Rates' feature in the Bridge allows you to set and manage applicable taxes for your restaurant. Typically, this includes at least state and local taxes but may also encompass additional taxes such as retail tax, county tax, lodging tax, or take-out taxes.
Tax rates are always represented in percentage form.
To Create a New Tax Rate:
1. Navigate to Settings > Taxes in the Bridge and select Tax Rates
2. Click + New Tax Rate
3. Configure the Tax Rate
- Enter a Name for the New Tax Rate
- Enter the appropriate tax rate as a percentage
- Tick the box for Inclusive if your organization uses an Inclusive Tax
Exclusive Tax: In this setting, the tax is added to the item's listed price. For example, if a meal is priced at $10 and the tax rate is 10%, the total cost would be $11. When a check includes tax-exclusive and tax-inclusive items, Salido only applies the tax to the exclusive items. This is the default setting.
Inclusive Tax: In this setting, the tax is already included in the item's listed price. If a check contains both tax-inclusive and tax-exclusive items, Salido adjusts the price of the exclusive items to account for the tax amount.
4. Click Save to save your changes
Important Note: According to your agreement with Salido, you recognize and accept that Salido is not responsible for determining if taxes apply to your business or transactions. Additionally, Salido is not obligated to calculate, collect, or report any taxes for any transactions or payments to any tax authority.
To Edit a Previously Created Tax Rate:
1. Navigate to Settings > Taxes in the Bridge and select Tax Rates
2. In the list of Tax Rates, click the row of the rate you wish to edit
3. Make the appropriate edits as needed:
A. Edit the Name for the Tax Rate
B. Edit the tax rate as a percentage
C. Tick the box for Inclusive if your organization uses an Inclusive Tax
4. Click Save to save your changes
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