Tax Report
Tax reporting is an essential function for financial compliance and record-keeping. This manual provides step-by-step guidance on generating and reviewing tax reports.
Generating a Tax Report
Accessing the Tax Report Section
Navigate to Analytics ā Tax Report.
By default, the system generates a Tax Summary Report for all stores covering the previous calendar month. This report includes consolidated data on:
- š¹Sales
- š¹Sales Returns
- š¹Purchases
- š¹Purchase Returns
- š¹Revenue
- š¹Expenses
Types of Tax Reports
- š¹Tax Summary Report: Provides an overview of total tax amounts on Sales, Returns, Purchases, Revenues, and Expenses, broken down by tax rate and product type.
- š¹Tax by Type: A concise report showing applicable tax rates by operation type.
- š¹Tax on Operations: Enables verification of tax charges for each Sale, Sale Return, and Purchase transaction.
- š¹Tax on Products: Lists the products included in tax calculations, allowing you to confirm accuracy of tax rates and amounts for each item.
- š¹Transaction Register: A complete log of all transactions, including detailed data on products, Sales, Returns, Purchases, tax rates, and amounts within a selected period.
š” Tip: To export, click Download as Excel on the control panel.
Customizing the Report View
You can tailor the report display to suit your needs:
- š¹Select Specific Stores: You can select one or multiple stores by clicking on the field and checking the corresponding boxes next to each store name.
- š¹Adjust Reporting Period: Use the date selector or quick presets like Last week, Last month, or 3 months.
- š¹Apply Filters: Filter by:
- Product Type
- Tax Rate
- Counterparty Type
- POS terminal
- š¹Quick Search: Use this field to find transactions by product name, counterparty, or other keywords.
Best Practices
ā Verify all transactions before generating reports to ensure accuracy.
ā Reconcile tax data monthly to prevent last-minute discrepancies.
ā Keep digital copies of submitted reports for future reference and audits.