Understanding Tax Types
Tax Type: No Tax
This option is used for items that no tax is collected or reported.
Note: Tax Type 1 & 2 are no different from each other however, Tab Wizard allows the option to better track tax included vs tax not included. Tax Type 1 can be used (for example) as Tax Included Items and Tax Type 2 can be used (for example) for Tax Not Included items. Most users select and mix both tax types into one categorie as Tax Type 1 combined.
Tax Type: Tax Type 1
Tax Type: Tax Type 2
This option is required if tax is required to be reported.
This option is optional and can be used to report Tax Included vs Tax Not Included
Understanding Tax Included / Tax Not Included
Tax Included: Yes
Tax Included: No
Tax is added but is reversed from the total price and reported as sales tax
Tax is added on top of the total price and reported as sales tax above