Introduction: Department GM/Taxable (02-18-02)

Overview

This selection is used to set up gross margin ranges for specific departments. Additionally, it is used to specify whether items in a certain department and/or product type are taxable or non-taxable and to create tax exceptions for each.

Gross Margins

Establishing Gross Margins by Department allows you to track items that are sold for an amount that is outside the specified Gross Margin range. Each item that does not fall within the range is flagged on the Sales Transactions Audit (02-03).

Taxable and Tax Exceptions

With this selection, you can specify whether items in a certain department/product type are taxable or non-taxable. When entering the item on a transaction (through POS Entry (02-02)), the system looks at the preferences set up in this selection to determine if the item’s department/product type is taxable.

You can also set up exceptions for specific state tax codes. For each tax code exception, you can specify whether items in the department/product type are taxable and also modify the Level 1, Level 2, and Level 3 tax information.

IMPORTANT: If an item’s department and product type have a tax exception set up, the product type settings always take precedence over the department settings.

NOTE: If you perform a Product Type Consolidation (05-91-02), tax exceptions for the old product type are deleted and new exceptions will need to be set up for the new product type, if applicable.

Tags: 02-18-02. Department GM/Taxable