Historical Tax Rates Report

Historical Tax Rates Report

Historical Tax Rates Report Overview

The "Historical Tax Rates Report" provides a record of past tax rate changes within the selected date range. Users can apply various filters based on their requirements. The report displays details such as the tax rate name, percentage changes, and the date and time of each modification. This report helps track and analyze historical tax adjustments, ensuring transparency and compliance. Users can leverage the data for audits, financial planning, and regulatory reviews.

1. Reaching the "Historical Tax Rates Report"

To reach the "Historical Tax Rates Report," follow the below steps:
  1. Step 1: Log into Control Center
  2. Step 2: Choose Point of Sale
  3. Step 3: Choose Reports
  4. Step 4: Choose Sales Reports
  5. Step 5: Choose Historical Tax Rates

                                                                                            Figure 0.1

See Figure 0.2. You will see many types of sales reports that will be useful to your retail business.

                                                                                       Figure 0.2
             
By clicking "Historical Tax Rates," you will be redirected to the "Historical Tax Rate Report" page with relevant filtering and sorting options. 


                                                                                          Figure 0.3

You will see the "Report Data is Empty" message initially. You need to select the date range to check the summarized data in the report.

2. Generating a "Historical Tax Rate Report"

When you navigate to the page, you will see the options pre-selected by default. You can generate the historical tax rate report for the selected date range and for the selected store.


                                                                                                   Figure 2.1
Fields:
  1. Tax Rate: This column describes the tax rate that is predefined in the system and can be chosen from the drop-down list of tax rates.
  2. Percentage Change: This column displays the percentage value of the tax rate change.
  3. Change Rate: This column displays the list of the tax rates that have been defined in the Tax Rates module >> Tax module.

2.1 Date Range:

You can filter your sales data in the report by selecting the date range as well as specific times.
By clicking the edit box, you will be taken to a tiny calendar where you can select a specific date range. You can also manually enter the date in mm/dd/yyyy format.

See Figure 2.1.1, Figure 2.1.2, and Figure 2.1.3.
  1. Start Date: This field lets you choose the start date of the date range.

                                                                                    Figure 2.1.1
  1. End Date: This field lets you choose the end date of the date range.

                                                                                               Figure 2.1.2
  1. Presets: The Presets label is provided to select the specific duration/interval to generate the historical tax rate data with that.

                                                                                             Figure 2.1.3

2.2 Store:

This field lets you choose the store name from the drop-down list of stores.

                                                                                    Figure 2.2.1

2.3 Select Tax Rate:

This field lets you choose the predefined tax rates from the associated drop-down list.

                                                                                        Figure 2.3.1
QuoteYou can generate the report by choosing the desired date range, presets, store, and tax rates, and clicking on "Generate Report" to generate the Historical Tax Rates Report.

3. Schedule Report, Print/Export Report & Manage Favorites 


                                                                                     Figure 3.1

3.1 Scheduling a Report

FTx Cloud POS supports report automation. You can configure a report and schedule it. The system will send the scheduled report to the indicated email IDs at the defined frequencies (daily, weekly, bi-weekly, monthly, quarterly, etc.).

Please refer to Scheduling a Report to learn how to schedule a report.

3.2 Printing/Exporting a Report 

You can print or export any report according to your requirements. When you use the Print function, the system creates and opens the report's PDF file in a new tab. You can download the soft copy or print the paper copy according to your requirements. 

Please refer to Printing a Report to learn how to print or export a report. 

3.3. Manage Favorites 

FTx Cloud POS allows quick access to the reports you need to view frequently through "Favorite Reports." You can save a report as a favorite and manage all your favorite reports from any of the report screens using the "Manage Favorites" button. 

Please refer to Managing the Favorite Reports to learn how to manage or export a report. 

    • Related Articles

    • Historical Tax Rates Report - Store Employee

      Historical Tax Rates Report Overview The "Historical Tax Rate Report" records changes to various tax rates within a specified date range. This report is crucial for tracking changes in tax percentages, verifying tax calculations on past sales, and ...

    • Tax Rates

      Tax Rates Overview When a product is sold, the tax will apply and be calculated using the sub-total amount of the product. Different tax rates may be applied to a product in various locations or regions. How tax rate will be configured under FTx ...

    • Sales Tax Report

      Sales Tax Report The "Sales Tax Report" will display the detailed sales tax-related data for each location during a specifically entered date range. Multiple different types of filters can also be configured, depending on your requirements. The ...

    • Non Tax Sales Report

      Non Tax Sales Report Overview The Non Tax Sales Report details all transactions where no taxes were charged. Tax regulations differ from state to state, leading to significant variability in sales tax rates within a state. FTx POS systems are ...

    • Excise Tax Report

      Excise Tax Report Overview Reports -> Sales Reports -> "Excise Tax Report" The excise tax type will display the excise tax-related data for each store location in the selected date range, depending on your requirements. It helps in identifying the ...