Taxation
Best Practices for Tax Management
Overview Tax management is essential for compliance and accurate records. With iVendNext, retailers can streamline tax processes and build customer trust. This guide covers best practices for managing taxes efficiently in the system. 1. Understand ...
Handling Shipping and Additional Charges
Overview A smooth checkout experience depends on clear handling of shipping and extra charges. iVendNext makes this easy with tools that ensure accuracy and transparency. This guide explains how to manage these charges effectively. 1. Understanding ...
Managing GST
Overview Goods and Services Tax (GST) is a key indirect tax on goods and services, often complex for multi-branch or multi-product businesses. iVendNext streamlines GST setup, calculation, and reporting for easy compliance. This guide walks you ...
Advanced Tax Configuration: Applying Taxes on Taxes and Charges
Overview Some taxes apply on top of other taxes—like a cess added to GST. iVendNext supports these compound tax setups for accurate, compliant calculations. This guide shows how to configure taxes on taxes and charges. 1. What are Taxes on Taxes and ...
Tax Inclusive Accounting: Managing Tax-Inclusive Pricing
Overview Customers often prefer all-inclusive pricing. iVendNext supports Tax Inclusive Accounting, showing clear final prices while staying tax-compliant. This guide explains the concept and setup process. 1. What is Tax-Inclusive Pricing? ...
Tax Withholding Category: Managing TDS and TCS in iVendNext
Overview TDS and TCS are key for tax compliance. iVendNext handles them with Tax Withholding Categories, automating calculation, deduction, and deposit. This guide explains how to set them up for smooth, compliant tax handling. 1. What are TDS and ...
Item Tax Templates: Customizing Taxes for Specific Items
Overview Different items may have different tax rates or exemptions. iVendNext makes this easy with Item Tax Templates, which let you set specific taxes for items or groups. This article shows how to create and manage them for accurate item-level ...
Understanding Tax Rules and Categories
Overview iVendNext simplifies tax management by automating tax applications using Tax Rules and Categories. Based on criteria like customer type or item category, these tools ensure accurate, compliant tax handling. This guide explains how to set ...
Setting Up Tax Templates
Overview Tax templates in iVendNext help apply accurate taxes to sales and purchases. From Sales Orders to Item-level taxes, they’re flexible and easy to configure. This guide walks you through setup and management to ensure correct, compliant tax ...
Tax Management
Overview iVendNext offers tools like Tax Accounts, Templates, Rules, and Categories to simplify tax setup. This article gives an overview to help new and existing users manage taxes effectively. 1. What is Tax Management in iVendNext? Tax management ...