Understanding Sales Tax Groups in Koble
Key Steps:
- Setting Sales Tax Groups on a Product:
- Navigate to the product section in Koble.
- Open an existing product.
- Under the product type, look for tax group (e.g., other, non-taxable, grocery) option to view the possible choices.
- Creating a Tax Group:
- Click on the more menu on the sales section of the main menu
- Click on sales tax groups.
- Create a new tax group by providing a label and selecting applicable taxes.
- Specify which products will fall under this tax group.
- Assigning Tax Groups to Products:
- Apply the created tax group to relevant products.
- Use the bulk change feature if needed to apply the tax group to multiple products simultaneously.
- Verifying Tax Groups in Sales Tax Settings:
- Check the tax groups tab when creating or editing a sales tax.
- Ensure that the correct tax groups are associated with the sales tax for accurate calculations.
Cautionary Notes:
- Ensure the correct tax group is selected for each product to avoid miscalculations.
- Double-check the tax groups assigned to products and sales taxes to prevent errors in tax calculations.
Tips for Efficiency:
- Utilize the bulk change feature for applying tax groups to multiple products at once.
- Regularly review and update tax groups to align with any changes in tax regulations.
- Keep track of tax-exempt products and assign the appropriate tax group accordingly.