CONFIGURING THE LIQUOR CONSUMPTION TAX FINESTRA POS

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Transcription:

CONFIGURING THE LIQUOR CONSUMPTION TAX FINESTRA POS To configure the Liquor Consumption Tax, you first create a Liquor Taxable Items Group and add the all the liquor items, then add the Liquor Taxable Items Group into the Default Event as a Negative Rule. This will allow the Liquor Consumption Tax to automatically apply to the transaction when the items are sold. This also allows for reconciliation reporting which can be used when it s time to submit your collected tax amount to your bookkeeper. Below you will find the necessary instructions to configure your Liquor Consumption Tax and the suggested Report to use for submission. If you have any questions, please contact POSitec Customer Support at 1-800-667-4605.

PHASE 1 DETERMINE THE TAX AMOUNT Each province has its own laws regarding this tax. If you re unsure what Liquor Consumption Tax Amount you should be charging within your store, this information can be found on your local Liquor Consumption Tax or Liquor Sales Tax website. PHASE 2 CREATE A LIQUOR TAXABLE ITEMS GROUP All beer and liquor items will charge the same tax amount, therefore only one group needs to be created to contain all of these items. If a Liquor Taxable Items Group already exists within your Finestra POS System, you may continue to the Phase 3 Add Items to a Liquor Taxable Items Group section of this document. 1. Select [F9] Utilities, then [F4] Group Editor 2. Select [F1] Create Group, then enter the Group Name as [Liquor Taxable Items] 3. In the Group Settings section, select [Summarize in Reports] 4. Select [F2] Save

PHASE 3 ADD ITEMS TO A LIQUOR TAXABLE ITEMS GROUP Once the Liquor Taxable Items Group is created it s time to add the necessary items. Items can be added into the group manually one-by-one, or you can use the Advanced Search program to add multiple items at once. ADD AN ITEM TO A GROUP 1. Select [F9] Utilities, then [F4] Group Editor 2. Lookup the Liquor Taxable Items Group 3. Select [F9] View Members 4. Place your cursor in the yellow UPC field, then [Scan] or [Key In] the Product UPC Select the [UPC] button to toggle your search method to lookup by a Description. ADD MULTIPLE ITEMS TO A GROUP 1. Select [F9] Utilities, then [F4] Group Editor 2. Lookup the Liquor Taxable Items Group 3. Select [F9] View Members, then [F2] Advanced Search 4. Enter your Search Criteria using the available fields within the Setup Tab, then select [F9] Search 5. When the Results List appears, select the items you wish to add to the Liquor Taxable Items Group

By default, all items in the Results List are selected. Choose [F2] Unselect All, then holding down the [Control Key] on your keyboard select your wanted items by [Left-Clicking] on the mouse in the selection box provided. 6. Select [F12] Accept to complete adding the items into the group PHASE 4 CREATE A LIQUOR CONSUMPTION TAX RULE The Liquor Taxable Items Group must be added as a Negative Rule into the Default Event. If you do not have a Default Event within your Finestra POS System, please contact POSitec Customer Support for assistance. 1. Select [F10] Event Editor 2. Highlight the Default Event, then choose [F9] Select 3. Select [F1] New Rule, then select [F5] UPC Mode to toggle your search to lookup by a Group Description 4. Enter the description of [Liquor Taxable Items] 5. In the Rule Value field, enter the [Tax Amount] as a Negative Amount; ie: for a 10% Liquor Tax, enter the Rule Value as -10.00 6. Select the [Liquor Tax] option, then select [F2] Save

PHASE 5 PROCESSING A TRANSACTION Now that the configurations for the Liquor Consumption Tax are complete, you re ready to start selling these items. When you scan the item into a transaction, the Liquor Consumption Tax will automatically apply. If your province also collects Bottle Deposit and/or Environmental Fees, be sure to configure these fees as well prior to selling your product. Please refer to the Configuring Deposit & Environmental Fees document for further instructions. PHASE 6 RECONCILIATION REPORTING Use the following Finestra Report to submit the total Liquor Consumption Taxes you ve collected. ACCOUNTING DETAILS REPORT The Accounting Details Report will list a lump sum total for the Liquor Consumption Tax s (LST) collected during the selected date range. 1. Select [F3] Reports, then choose the [Accounting Details Report] 2. Enter the [Start Date] and [End Date] you wish to run this report for 3. Select [Run Report]