Please follow the steps below to set up your tax rates.
Step 1: In the left menu, click Product Sales. After this, choose the Tax Rates tab and then click +New tax rate.
Step 2: A drawer will appear to the side of your screen. The first thing to do is name your tax rate (for example, if you are in the USA it is a Sales Tax, in the UK – you would call it VAT and in Australia GST). Next, enter the tax rate as a percentage. Finally, you need to add your rounding rules. If you are unsure of the rounding rules, please seek advice from your accountant or bookkeeper. Clubworx can cover all of your options by rounding up, down or to the nearest cent, 5 cents or 10 cents.
Step 3: Save your tax rate.