The Tax Settings function in Salido provides the ability to tailor tax rules as per your business needs. These rules, once established, can be implemented across your entire organization. However, if tax regulations differ by location, you can utilize the Location Overrides feature to accommodate these variances.
To Create a Location Override for Tax Settings:
1. Navigate to Settings > Taxes in the Bridge and select Tax Settings
2. Click on the Location Overrides tab to the right
3. Click + New Tax Setting to open the Location Override interface
4. Select the desired Location for the override from the drop-down menu provided
5. Choose the following options to create a Location Override for Tax Settings:
A. Tick or untick the Track Taxes on Comps box to decide whether taxes on complimentary food items should be recorded or not
B. Choose the Rounding Method for your organization from the drop-down menu:
HalfEven: This mode rounds numbers to the nearest whole number. If the number is exactly halfway between two possibilities, it rounds to the even number. This is the default if not otherwise specified.
HalfUp: This mode rounds numbers to the nearest whole number, rounding up when the number is exactly halfway between two possibilities. It rounds up for fractions of 0.5 or greater and down for fractions less than 0.5.
Up: This mode always rounds up, increasing the last significant digit if there's any fraction remaining. The overall value does not decrease with this mode.
Down: This mode always rounds down, decreasing the last significant digit if there's any fraction remaining. The overall value does not increase with this mode.
C. Choose the Tax Tracking method for your organization from the drop-down menu:
Inclusive: If a bill includes tax-exclusive items and a tax-inclusive item (like a Liquor Shot) is added, the tax is applied to the full price of the inclusive item (including its inherent tax). This is the default setting if not specified.
Exclusive: If a bill includes tax-exclusive items and a tax-inclusive item (like a Liquor Shot) is added, the price of the tax-inclusive items is reduced by the tax amount.
D. Choose the organization's Receipt Option from the drop-down menu to either show itemized taxes or combined:
Itemized: Each tax is separately listed as a distinct line item on the receipt. This is the default setting if not specified.
Combined: All taxes are merged into one line item, usually labeled as "Tax."
6. Click Save to save your changes.
To Edit a Previously Created Location Override:
1. Navigate to Settings > Taxes in the Bridge and select Tax Settings
2. Click on the Location Overrides tab to the right
3. Scroll down to the Location you wish to edit and click the pencil icon to expand the settings for that Location
4. Repeat Steps 5 through 6 from the instructions above
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.
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