How To: Adding the GM Range and Tax Information for a Department (02-18-02)

Overview

This tutorial describes how to set up gross margin ranges and tax exceptions for specific departments.

Step-by-Step

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  1. Select the ‘Department’ radio button and click ‘Refresh.’ The department listings appear.

  1. Click the ‘Add’ button.

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  1. In the ‘Dept Code’ field, enter the department for which the gross margin and/or tax information is being set up.
    NOTE: You cannot add a department code for which a GM range has already been set up.

  1. In the ‘Low Margin %’ field, enter the low gross margin percentage for the department in decimal format (e.g. 99.99). For example, if the low end of the gross margin percentage should be 15%, enter “15.00” in this field.
    • Whenever the gross margin of a sold item is below this percentage, it will be flagged on the Sales Transaction Audit.

  1. In the ‘High Margin %’ field, enter the high gross margin percentage for the department in decimal format (e.g. 99.99). For example, if the high end of the gross margin percentage should be 65%, enter “65.00” in this field.
    • Whenever the gross margin of a sold item is above this percentage, it will be flagged on the Sales Transaction Audit.

  1. From the ‘Taxable’ drop-down list:
    1. Select ‘Y’ if the department is taxable.
    2. Select ‘N’ if the department is not taxable.

  1. From the ‘Tax Exceptions’ drop-down list:
    1. Select ‘Y’ if tax exceptions will be set up for this department.
    2. Select ‘N’ if there are no tax exceptions for this department.

  1. Click ‘Add’ and the department is added to the list.

    If the department you added has tax exceptions (you selected ‘Y’ for Step 8), move to Step 10 of this tutorial.

    If the department you added does not have tax exceptions (you selected ‘N’ for Step 8), this tutorial is complete.

  1. Double-click the department you would like to add tax exceptions to.

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  1. Click the ‘Add Except’ button.

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  1. In the ‘Tax Code’ field, enter the tax code for the exception.

  1. From the ‘Taxable’ drop-down list:
    1. Select ‘Y’ if items for this tax code (and department) are taxable.
    2. Select ‘N’ if items for this tax code (and department) are not taxable.

  1. If the tax code is taxable, enter the Level 1, Level 2, and Level 3 information for the tax code as needed.
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