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Tax example
Tax example
Before we dive into the examples I will explain what the Price grid looks like and the settings selected for the examples.
Below are three different examples of how BUZ calculates tax rates.
Price Grid
All the examples will use the same price grid
Inventory Items
The inventory items utilised for the examples
Example 1 - GST included
The price-grid that is loaded to BUZ will automatically calculate the tax as part the final price
Example 2 - No Tax or Tax Excluded
In this example no tax will be present
Example 3 - BAS Excluded
In this example the tax is not included in the price grid, all inventory items will have tax applied during the point of sale
To get to the financial settings go to Settings → Financial Settings → Click the Tax Rates tab