Taxes - Labor or Items

a. Select Accounting tab

b. Complete the following:

i. Bank: This is for listing purposes only. If the stores use different banks, select the appropriate bank from the drop-down list.

• Banks are set up in System Maintenance Financial Banks

ii. Taxes on Services: From the drop-down list, select ether service items and labor or just items are taxed Table of Contents 7

iii. Sales Tax Basis for Inventory Items: Choose how to base the sales tax on inventory items:

1. Price: The price the customer pays the business

2. Cost: The cost the business pays the vendor

iv. Default Price Class: rom the drop-down list, select the appropriate price class for the store. Used when there is more than one (1) store with the same services but different prices.=

v. Default Profit Center: From the drop-down list, select the default profit center

vi. Max Discounts Per Ticket: Enter the maximum number of discounts allowed per ticket

vii. Is Certificate Sale a Liability?: Used for reporting unredeemed sold certificates. If selected, the sale of a certificate is treated as a liability

viii. Allow Tax Exempt Customers?: Select to allow tax exempt customers. In most instances, this is for fleet customers; however, any customer can be tax exempt

ix. Apply Coupon Before Discount?: By selecting, coupons are applied to the ticket before discounts.