When your venue is set to cash accounting, the Sales Tax report offers a detailed breakdown of funds received and taxes collected on funds received for a specific date or date range.
In cash accounting, tax is collected and reported at the time of payment, regardless of when the service is provided. This means tax collected aligns directly with funds received, making sure that all taxable sales reflect real-time payments rather than future revenue recognition.
Report on tax by tax rate
This report helps you verify taxes for each tax rate applied to your products and is especially valuable for tax season, end-of-period reporting and reconciling taxable and non-taxable sales.
Access the report
- From Venue Manager, go to Reports > All reports.
- Search for and select the report Sales Tax.
- Use the date selector to filter data for the desired reporting period.
What the report shows
When cash accounting is enabled for your venue, different data and columns appear. The report summarizes key cash accounting tax data for the selected time period:
- Taxable Sales: The total value of funds received where tax has been applied (includes tax and fees).
- Non-Taxable Sales: The total value of funds received where no tax has been applied.
- Tax on Fees: The total value of tax collected on fees. This includes taxes applied to fees such as service or card processing charges. Tax on fees is always tax inclusive, but you can choose the tax rate to apply in Settings > Account > Tax & fees.
- Tax Collected: The total value of tax collected at the time of payment included in taxable sales.
- After Tax Funds Received: The total funds received remaining after tax payable is deducted. Formula: After Tax Funds Received = (Taxable Sales - Tax Collected) + Non-Taxable Sales
Detailed data
| Column | Description |
|---|---|
| Tax Name |
The name of the tax rate applied to products (eg Tax, Sales Tax, VAT, No Tax). To review tax rates you've created, go to Settings > Account > Taxes and fees. Examples:
|
| Tax Rate (%) | The percentage rate of the applied tax rate. |
| Taxable Sales ($) | Funds received for taxable sales including tax and fees (recorded when payment received). |
| Non-Taxable Sales ($) | Total funds received for sales not subject to tax. |
| Tax on Fees ($) | Total value of tax on fees (recorded at time of payment) |
| Tax Collected ($) | Total amount of tax owed for each tax rate (recorded when payment received). |
| After tax funds received ($) | (Taxable Sales - Tax Collected) + Non-Taxable Sales = After-Tax Funds Received (Net Sales) |