In this article, we will explore the meaning of the settings located in the Tax Configuration and Management section of the Company Settings page.
| Setting | Description |
Tax Configuration & Management | This section allows you to specify tax rates for services, products, packages, memberships, and environmental fees. Learn more here. |
Activate VAT for pricing | Value-added tax (VAT) is a comprehensive consumption tax applied to the value of products and services. If this setting is enabled, it configures the account to utilize VAT. Learn more here. |
Default Tax ID number | This Tax ID will be used as the default on client receipts if no Tax ID is provided under Business Setup > Business Profile > Location > Edit Location.
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Apply Membership Value Credits | Before Tax - This setting allows the client's membership value credit to be deducted from the total cost of products or appointments before any taxes are calculated. In other words, the membership credit is applied to the pre-tax amount. This can be beneficial for clients, as it reduces the overall cost. After Tax - This setting allows the client's membership value credit to be deducted from the total cost, including taxes. This means that taxes are calculated on the full price of the products or appointments before the membership credit is applied. If the "Before Tax" option is selected, the "Select Locations to Apply Sales Tax After Membership Credits" option will appear. From the dropdown menu, you can choose all locations to apply the value credit before tax, or you can specify individual location(s). Learn more here. |
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